Stock Investors Sell Off Shares of Aeropostale, Down 2.3%

Published on Tue, 06/11/2013 - 12:10
By Robert Cotter in Market movers, ARO, aeropostale, market movers, nyse:aro

One of today's stocks on the move is Aeropostale (NYSE:ARO), down 2.3% to $14.36. The Dow is down 0.5% to 15,164 and the S&P is currently down 0.6% to 1,633.

Aeropostale, Inc. is a mall-based retailer of casual apparel and accessories that targets young women and men in the pre-teen and teenage market. The Company's stores provide active-oriented, fashion basic merchandise. Aeropostale operates stores throughout the United States.

There is potential upside of 6.8% for shares of Aeropostale based on a current price of $14.36 and an average consensus analyst price target of $15.33. The stock should find resistance at its 50-day moving average (MA) of $14.42, as well as support at its 200-day MA of $13.70.

In the past 52 weeks, Aeropostale share prices have been bracketed by a low of $11.76 and a high of $20.99 and are now at $14.36, 22% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.52% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

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