Technical Briefing on Michael Kors, Foot Locker, Abercrombie & Fitch, ANN Inc., and Guess? PR Newswire LONDON, March 6, 2013 LONDON, March 6, 2013 /PRNewswire/ -- The Commerce Department last month reported that retail sales rose 0.1% in the month of January. The data was encouraging given the expiration of payroll tax cuts at the start of this year. More importantly, as the labor market continues to improve, consumer confidence should rise. This should boost spending, benefiting apparel companies such as Michael Kors Holdings Ltd. (NYSE: KORS), Foot Locker Inc. (NYSE: FL), Abercrombie & Fitch Co. (NYSE: ANF), Ann Inc. (NYSE: ANN), and Guess? Inc. (NYSE: GES). Apparel companies should also benefit from a stabilizing Eurozone economy and a rebound in the Chinese economy. On Tuesday, apparel stocks ended mostly higher as the broad market continued to rally. StockCall has posted free technical research reports on KORS, FL, ANF, ANN, and GES and these can be accessed by signing up at http://www.stockcall.com/analysis Shares of Michael Kors Holdings Ltd. rose sharply in Tuesday's trading session, closing the day 2.11% higher at $60.52 on volume of 5.07 million. The stock touched an intra-day high of $60.92. Year-to-date, Michael Kors shares have gained more than 18%. The stock has broken through $60 resistance level, which is a bullish signal. The stock is also trading above its 50-day and 200-day moving averages, which further confirms the bullish trend. Download the free report on KORS upon registration at http://www.StockCall.com/KORS030613.pdf Shares of Foot Locker Inc. rallied in Tuesday's trading session, ending the day 2.46% higher at $35.34 on above average volume of 2.35 million. Year-to-date, the stock has gained more than 10%, outperforming the S&P 500, which is up nearly 8% in the same period. The apparel stores company's shares have broken through $35 resistance level, which is a bullish signal. The bullish trend is further confirmed by the MACD chart. The MACD has just crossed above the signal line. FL technical report can be accessed for free by signing up at http://www.StockCall.com/FL030613.pdf Shares of Abercrombie & Fitch Co. also rose sharply in Tuesday's trading session. The stock closed 1.94% higher at $47.21 on volume of 2.38 million. The company's shares have fallen more than 1.50% so far this year, underperforming the broad market. The stock has fallen sharply after failing to break through $52 resistance level. It has also fallen below its 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by the MACD chart. Free report on ANF can be accessed by registering at http://www.StockCall.com/ANF030613.pdf Shares of Ann Inc. rose more than 1% in Tuesday's trading, extending its gains from the previous trading sessions. The stock closed 1.51% higher at $29.53 on volume of 1.35 million. It has now gained more than 4.30% in the last three trading sessions. Despite the recent gains, Ann's shares have fallen more than 12% so far in 2013. However, recent volume activity and MACD chart suggest that market sentiment has turned bullish on the stock. Register with StockCall and download the research on ANN for free at http://www.StockCall.com/ANN030613.pdf Shares of Guess? Inc. rose 1.02% to finish at $27.70 on Tuesday. The stock is currently facing resistance at $28. The company's shares are trading above their 50-day and 200-day moving averages. Year-to-date, the stock has gained nearly 13%, outperforming the broad market. Read the full free research on GES by signing up to StockCall at http://www.StockCall.com/GES030613.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)-396-9857 (9:00 am EST - 01:30 pm EST)
Technical Briefing on Michael Kors, Foot Locker, Abercrombie & Fitch, ANN Inc., and Guess?
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