JOS A Bank Clothiers (NASDAQ:JOSB) crossed under its 10-day moving average of $46.76 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of JOS A Bank Clothiers have traded between a low of $39.29 and a high of $57.14 and are now at $43.83, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.
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.
JOS A Bank Clothiers has overhead space with shares priced $43.83, or 22.7% below the average consensus analyst price target of $56.67. The stock should run into initial resistance at its 200-day moving average (MA) of $46.98 and subsequent resistance at its 50-day MA of $48.16.