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JOS A Bank Clothiers Crosses Above its 10-day MA (JOSB)

Published on Wed, 04/03/2013 - 11:18
By Peter Chu

JOS A Bank Clothiers (NASDAQ:JOSB) shares have crossed bullishly above their 10-day moving average of $40.23 on a volume of 568K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Jos. A. Bank Clothiers, Inc. manufactures classic men's clothing. The Company sells its clothing through conventional retail stores and catalog direct marketing located throughout the United States.

Based on a current price of $40.38, JOS A Bank Clothiers is currently 3.4% above its average consensus analyst price target of $39.00. The stock should find initial resistance at its 50-day moving average (MA) of $41.43 and further resistance at its 200-day MA of $43.86.

JOS A Bank Clothiers share prices have moved between a 52-week high of $57.14 and a 52-week low of $37.31 and are now trading 8% above that low price at $40.38 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

By Peter Chu