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True Religion Apparel Crosses Above its 10-day MA (TRLG)

Published on Mon, 03/04/2013 - 12:13
By Adrienne Chilton

Today, shares of True Religion Apparel (NASDAQ:TRLG) have crossed bullishly above their 10-day moving average of $26.84 on a volume of 129K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

True Religion Apparel (NASDAQ:TRLG) has potential upside of 12.4% based on a current price of $27.75 and analysts' consensus price target of $31.20. The stock should find initial support at its 50-day moving average (MA) of $25.49 and further support at its 200-day MA of $25.47.

Over the past year, True Religion Apparel has traded in a range of $20.22 to $30.66 and is now at $27.75, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

True Religion Apparel, Inc. designs, manufactures, markets, distributes, and sells through its wholly-owned subsidiary Guru Denim, Inc under the True Religion Brand Jeans trademarks. The Company sells its jeans in the United States and abroad to upscale retailers and boutiques. This includes Nordstrom, Bloomingdales, Bergdorf Goodman, Urban Outfitters and other fashion boutiques.

By Adrienne Chilton
achilton@fnno.com