Pre-Market Analysis: American Eagle Outfitters, L Brands, Chico's FAS, and Wet Seal
LONDON, June 25, 2013 /PRNewswire/ --
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On Monday, June 24, 2013, shares in apparel stores companies ended mostly lower, tracking losses in the broader market which fell sharply amid concerns over the Federal Reserve's bond buying program and reports of a liquidity crunch in China. The major movers included American Eagle Outfitters (NYSE: AEO), L Brands Inc. (NYSE: LTD), Chico's FAS Inc. (NYSE: CHS), and The Wet Seal Inc. (NASDAQ: WTSL). All these companies are tracked by AAAResearchReports.com. Free technical research on AEO, LTD, CHS, and WTSL can be downloaded upon sign up at
http://www.aaaresearchreports.com/register/
Shares in American Eagle Outfitters fell sharply on Monday, tracking losses in the broader market. The company's shares ended the day 3.35% lower at $17.62 after hitting a 52-week low of $17.37. A total of 4.84 million shares were traded which is above the daily average volume of 3.10 million. The company's shares have now fallen 5.88% in the last three trading sessions. Sign up and read the complimentary report on AEO at:
http://www.AAAResearchReports.com/AEO062513.pdf
L Brands Inc.'s shares traded between $49.21 and $51.03 before finishing the day 4.31% lower at $49.29. A total of 2.58 million shares were traded which is below the daily average volume of 3.04 million. However, despite the sharp pullback on Monday, the company's shares are still trading near their 52-week high of $53.33. Yesterday, the stock slipped below its 50-day moving average of $50.50. The free report on LTD can be downloaded by signing up now at:
http://www.AAAResearchReports.com/LTD062513.pdf
Shares in Chico's FAS Inc. fell sharply on Monday, extending their losses from previous trading sessions. The company's shares ended the day 3.24% lower at $15.84 after trading between $15.68 and $16.14. A total of 3.26 million shares were traded which is above the daily average volume of 2.76 million. Chico's shares have now fallen 6.27% in the last three trading sessions. The recent losses have pushed the stock near its 52-week low of $13.76. A free report on CHS can be accessed by registering at:
http://www.AAAResearchReports.com/CHS062513.pdf
The Wet Seal Inc.'s stock moved 1.29% higher on Monday even as the broader market struggled. The company's shares ended the day at $4.70 after trading between $4.53 and $4.73. A total of 1.32 million shares were traded which is below the daily average volume of 1.43 million. However, despite yesterday's gains, Wet Seal's shares are down 3.29% in the last three trading sessions. The stock is currently trading above its 50-day and 200-day moving averages. Shares of the company have a 52-week high of $5.20. Register with AAA Research Reports and download research on WTSL for free at:
http://www.AAAResearchReports.com/WTSL062513.pdf
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