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Shares of Aeropostale Are Moving Higher on 1.3x Above-Average Volume (ARO)

Published on Wed, 03/13/2013 - 13:12
By Mallory Stone

Aeropostale's stock is up 2.1% to $14.36 on heavy trading volume. Approximately 2.4 million shares have changed hands today vs. average 30-day volume of 1.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

Aeropostale has overhead space with shares priced $14.36, or 2.4% below the average consensus analyst price target of $14.71. The stock should hit resistance at its 200-day moving average (MA) of $14.61, as well as support at its 50-day MA of $13.27.

Aeropostale, Inc. is a mall-based retailer of casual apparel and accessories that targets young women and men in the pre-teen and teenage market. The Company's stores provide active-oriented, fashion basic merchandise. Aeropostale operates stores throughout the United States.

In the past 52 weeks, Aeropostale share prices have been bracketed by a low of $11.76 and a high of $23.05 and are now at $14.36, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.5%.

By Mallory Stone
mstone@fnno.com

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