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Research on Gap, Chico's FAS, Macy's, and Sears Holdings

           Research on Gap, Chico's FAS, Macy's, and Sears Holdings

PR Newswire

LONDON, March 1, 2013

LONDON, March 1, 2013 /PRNewswire/ --

Markets rattled after reports about slow economic growth in fourth quarter are
released. The fear of Sequestration also looms large, making markets give up
their early gains at the close of Thursday's session. The Dow Jones ended the
day 0.15 percent lower at 14,054.49, while the S&P 500 closed at 1,514.68,
down 0.09 percent. The NASDAQ also followed suit closing the day at 3,160.19,
down 0.07 percent. Our research team took a look at the Apparel and Department
Stores industries including major companies like The Gap Inc. (NYSE: GPS),
Chico's FAS Inc. (NYSE: CHS), Macy's Inc. (NYSE: M) and Sears Holdings
Corporation (NASDAQ: SHLD). StockCall has posted free technical research
reports on GPS CHS, M, and SHLD, and these can be accessed by signing up at

Gap Inc. traded in the range of $32.35 and $33.35 during yesterday's trading
session. It opened at $32.46 and closed at $32.92, up 1.26 percent. The stock
is currently in a bullish mode and has its first resistance level at $35.09.
Upon breaching this level, Gap Inc. may go as high as $36.01. It traded 6.54
shares. The stock is trading below its 20-day moving average price. Its first
support level is at $32.86. So far in 2013, the stock is up 6 percent, and in
the past 52 weeks it gained more than 45 percent. The company trades at P/E
ratio of 16.14. Download the free report on GPS upon registration at 

Despite the downward movement shown by broad market indices, Chico's stock
finished 3.47 percent higher at $16.98, with volume up from daily average of
3.15 million to 7.10 million. The company's stock has had a disappointing run
so far in 2013 with its year-to-date loss at 8.02 percent. However, the stock
currently shows a bullish trend which is further confirmed by the stock's MACD
chart. Chico's has its first support level at $16.75. In the coming trading
sessions, the stock is likely to go as high as $17.02. CHS technical report
can be accessed for free by signing up at 

Macy's stock rose in Thursday's trading session. The stock closed 1.28 percent
higher at $41.10 with 6.19 million share volume. Macy's is up more than 5
percent for the year. In the past 52 weeks, the stock is up 10.9 percent. The
stock currently has support at $40.84 level. The stock's MACD chart shows a
bullish trend and it may face its first resistance level at $41.15. Upon
breaching this level, the stock may go as high as $41.38. The free report on M
can be downloaded by signing up now at 

Sears Holdings Corp. is currently in a neutral mode as the stock ended its
previous trading session at $45.00, down 5.20 percent. The stock traded in the
range of $44.20 and $48.95 during the session. Its first support level is at
$44.47 and upon breaching this level, the stock may go down to $40.25 level.
On the upside, Sears stock may touch $47.50 level. The company's stock has
traded in the range of $38.40 and $85.90 in the past 52 weeks and it declined
by 34 percent during the same time period. On a Year-to-Date basis, the stock
is up 8.8 percent. Free report on SHLD can be accessed by registering at 

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Contact: William T. Knight, Email:, Contact Number:
+1-646-396-9857 (9:00 am EST - 01:30 pm EST)
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