Market Momentum on Specialty Retail Stocks -- Office Depot, Staples, Sally Beauty Holdings, L Brands, and Express
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LONDON, August 14, 2014 /PRNewswire/ --
On Wednesday, August 13, 2014, the NASDAQ Composite ended at 4,434.13, up 1.02%, the Dow Jones Industrial Average finished the day 0.55% higher at 16,651.80, and the S&P 500 closed at 1,946.72, up 0.67%. The gains were broad based as all the sectors ended the session in positive. The S&P 500 Consumer Discretionary Sector Index ended the day at 528.73, up 0.35%, with the index also advancing 3.55% in the previous three months. Investor-Edge has initiated coverage on the following equities: Office Depot Inc. (NYSE: ODP), Staples Inc. (NASDAQ: SPLS), Sally Beauty Holdings Inc. (NYSE: SBH), L Brands Inc. (NYSE: LB), and Express Inc. (NYSE: EXPR). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Office Depot Inc.'s stock advanced 2.04%, to close the day at $4.99. The stock recorded a trading volume of 5.02 million shares, below its three months average volume of 7.71 million shares. The stock oscillated between $4.83 and $5.05 during the session. Although, Office Depot Inc.'s shares have gained 0.60% in the previous three trading sessions, it has lost 3.85% in the last one month and 5.67% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. Office Depot Inc.'s 50-day moving average of $5.31 is above its 200-day moving average of $5.02. Additionally, the stock has a Relative Strength Index (RSI) of 37.27. Sign up and read the free notes on ODP at:
http://www.Investor-Edge.com/ODP-14Aug2014
On Wednesday, shares in Staples Inc. recorded a trading volume of 6.82 million shares, lower than its three months average volume of 9.70 million shares. The stock ended the day at $11.53, which was 1.01% above its previous day's closing of $11.42, and registered an intraday range of $11.25 and $11.57. Shares of the company traded at a PE ratio of 10.63. Staples Inc.'s shares have advanced 1.23% in the previous three trading sessions and 5.78% in the last one month. However, the stock has declined 27.44% on YTD basis. The company's shares are trading above their 50-day moving average of $11.14, while the 50-day moving average is below Staples Inc.'s 200-day moving average of $13.02. Furthermore, shares of the company have an RSI of 54.41. The complimentary notes on SPLS can be downloaded as in PDF format at:
http://www.Investor-Edge.com/SPLS-14Aug2014
Sally Beauty Holdings Inc.'s stock edged 0.69% lower, to close Wednesday's session at $26.03, after oscillating between $25.88 and $26.25. The stock recorded a trading volume of 0.66 million shares, below its three months average volume of 1.54 million shares. Over the last three trading sessions and since the beginning of 2014, Sally Beauty Holdings Inc.'s shares have declined 0.88% and 13.89%, respectively. However, the stock has gained 3.58% in the last one month. The stock is trading above its 50-day moving average. The stock's 200-day moving average of $27.04 is above its 50-day moving average of $25.20. Further, Sally Beauty Holdings Inc.'s stock traded at a PE ratio of 17.14 and has an RSI of 59.89. Register for free on Investor-Edge and access the latest research on SBH at:
http://www.Investor-Edge.com/SBH-14Aug2014
L Brands Inc.'s stock finished Wednesday's session 0.26% lower at $62.26. A total of 1.82 million shares were traded, which was above its three months average volume of 1.43 million shares. The stock moved between $61.74 and $62.49 during the session. Over the last one month and the previous three months, L Brands Inc.'s shares have advanced 5.08% and 8.20%, respectively. Additionally, from the beginning of 2014, the stock has gained an upside of 2.53%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $58.84 is greater than its 200-day moving average of $57.80. L Brands Inc.'s stock traded at a PE ratio of 20.08 and has an RSI of 66.94. The complete research on LB is available for free at:
http://www.Investor-Edge.com/LB-14Aug2014
On Wednesday, shares in Express Inc. fluctuated between $14.13 and $14.50 before ending the session 1.39% lower at $14.23. Express Inc.'s stock reported a trading volume of 1.14 million shares, below its three months average volume of 2.12 million shares. Shares of the company traded at a PE ratio of 13.42. Express Inc.'s shares have lost 1.11% in the previous three trading sessions, 4.69% in the last three months and 23.78% on YTD basis. The company's shares are trading below their 50-day and 200-day moving averages of $15.72 and $17.42, respectively. Moreover, shares of Express Inc. have an RSI of 34.41. Free in depth research on EXPR is available at:
http://www.Investor-Edge.com/EXPR-14Aug2014
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