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

Published on Tue, 08/06/2013 - 12:23
By Robert Cotter

JOS A Bank Clothiers (NASDAQ:JOSB) crossed under its 10-day moving average of $41.24 on a volume of 156K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

JOS A Bank Clothiers (NASDAQ:JOSB) is currently priced 16.5% above its average consensus analyst price target of $34.00. The stock should run into initial resistance at its 50-day moving average (MA) of $41.74 and subsequent resistance at its 200-day MA of $42.99.

In the past 52 weeks, JOS A Bank Clothiers share prices have been bracketed by a low of $37.31 and a high of $57.14 and are now at $40.71, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.8%.

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.

By Robert Cotter
rcotter@fnno.com