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Stock Investors Sell Off Shares of AnnTaylor Stores, Down 1.9%

Published on Tue, 03/26/2013 - 10:23
By Peter Chu

AnnTaylor Stores (NYSE:ANN) is one of today's notable stocks in decline, down 1.9% to $29.22. The S&P is trading higher by 0.4% to 1,558 and the Dow is trading 0.5% higher to 14,528.

In the past 52 weeks, shares of AnnTaylor Stores have traded between a low of $23.93 and a high of $39.78 and are now at $29.22, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.7%.

There is potential upside of 20.1% for shares of AnnTaylor Stores based on a current price of $29.22 and an average consensus analyst price target of $35.09. The stock should find initial resistance at its 50-day moving average (MA) of $30.10 and further resistance at its 200-day MA of $31.54.

AnnTaylor Stores Corporation, through its wholly owned subsidiary, retails women's apparel, shoes, and accessories primarily under the Ann Taylor brand name. The Company operates throughout the United States.

By Peter Chu
pchu@fnno.com