Technical Updates on Specialty Retail Stocks -- Research on Staples, PetSmart, Ulta Salon Cosmetics & Fragrance, and Sally Beauty Holdings Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 16, 2014 /PRNewswire/ --
The trading session on Thursday, May 15, 2014 ended on a lower note as the Dow Jones Industrial Average finished at 16,446.81, down 1.01% and the NASDAQ Composite closed at 4,069.29, down 0.76%. The S&P 500 finished the day 0.94% lower at 1,870.85. The losses were broad based as nine out of ten sectors finished on a negative note. The S&P 500 Consumer Discretionary Sector Index ended the day 0.70% lower at 501.63, while the index has advanced 0.70% in the last one month. Investor-Edge has initiated coverage on the following equities: Staples Inc. (NASDAQ: SPLS), PetSmart Inc. (NASDAQ: PETM), Ulta Salon Cosmetics & Fragrance Inc. (NASDAQ: ULTA) and Sally Beauty Holdings Inc. (NYSE: SBH). Free technical research on SPLS, PETM, ULTA and SBH can be downloaded upon signing up at:
Staples Inc.'s stock fell by 1.88% on Thursday, finishing the session at $13.02. A total of 6.51 million shares were traded, much below its three months average volume of 11.78 million shares. The stock moved between $12.78 and $13.24 during the session. Staples Inc.'s shares have lost 1.59% in the previous three trading sessions and 18.06% from the beginning of 2014. However, the stock has gained 7.87% in the last one month. The company's shares are trading above their 50-day moving average. The stock's 50-day moving average of $12.04 is below its 200-day moving average of $14.27. Furthermore, Staples Inc.'s stock traded at a PE ratio of 11.13 and has a Relative Strength Index (RSI) of 67.05. Sign up today to read free research on SPLS at:
On Thursday, shares in PetSmart Inc. fluctuated between $64.20 and $65.46 before ending the session 0.84% lower at $64.76. The company's stock reported a trading volume of 1.24 million shares, below its three months average volume of 1.72 million shares. Shares of the company traded at a PE ratio of 16.07. Over the previous three trading sessions and in the last one month, shares in PetSmart Inc. have declined 1.92% and 2.78%, respectively. Moreover, the company's shares have lost 10.98% on YTD basis. PetSmart Inc.'s stock is trading below its 50-day and 200-day moving averages of $67.61 and $70.13, respectively. Further, the company's shares have an RSI of 41.27. Sign up today to read free research on PETM at:
Shares in Ulta Salon Cosmetics & Fragrance Inc. edged 0.45% lower on Thursday, closing the day at $86.76. The stock recorded a trading volume of 1.19 million shares, below its three months average volume of 1.27 million shares. The company's stock oscillated between $84.76 and $87.18 during the session. Shares of the company traded at a PE ratio of 27.46. Shares in Ulta Salon Cosmetics & Fragrance Inc. have fallen by 3.47% in the previous three trading sessions, 4.05% in the last one month and 10.11% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $92.49 and $102.36, respectively. Additionally, the company's stock has an RSI of 44.55. Sign up today to read free research on ULTA at:
On Thursday, shares in Sally Beauty Holdings Inc. recorded a trading volume of 2.68 million shares, which was above its three months average volume of 1.78 million shares. The stock finished the day at $26.21, which was 0.81% higher its previous day's closing of $26.00, and registered an intraday range of $25.78 and $26.26. Shares in Sally Beauty Holdings Inc. have advanced 0.61% in the previous three trading sessions. However, the stock has lost 1.24% in the last one month and 13.30% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $27.11 and $27.46, respectively. Moreover, the company's stock traded at a PE ratio of 17.47 and has an RSI of 45.17. Sign up today to read free research on SBH at:
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