Before the Bell Scans of American Eagle Outfitters, Limited Brands, Chico's, and Wet Seal
LONDON, April 18, 2013 /PRNewswire/ --
According to a report released by the Commerce Department last week, retail sales in the U.S. fell 0.4% in March. The disappointing retail sales data highlights the fact that consumer confidence in the U.S. is still fragile. With March's jobs report showing only 88,000 job additions, consumers are expected to scale back spending in the next few months. This does not augur well for apparel stores such as American Eagle Outfitters (NYSE: AEO), L Brands Inc. (NYSE: LTD), Chico's FAS Inc. (NYSE: CHS), and The Wet Seal Inc. (NASDAQ: WTSL). Shares of apparel stores companies ended mostly lower on Wednesday, tracking losses in the broad market. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on AEO, LTD, CHS, and WTSL at
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Among the major losers in the apparel stores sector on Wednesday was American Eagle Outfitters. Shares of the Pittsburg, Pennsylvania-based company fell 2.88% to finish the day at $18.86 on volume of 2.03 million. The company's shares touched an intra-day low of $18.79 yesterday. The stock is currently trading more than 17% below its 52-week high. Year-to-date, shares of AEO have fallen more than 8%, underperforming the S&P 500, which gained more than 8.80% in the same period. Sign up today to read the free research report on AEO at
http://www.StockCall.com/AEO041813.pdf
Shares of L Brands Inc., formerly known as Limited Brands Inc., fell sharply yesterday, extending its losses for the week. The stock declined to an intra-day low of $48.22 before finishing the day 1.66% lower at $48.53 on volume of 2.51 million. L Brands' shares have now fallen nearly 3.80% this week. Despite the recent losses, the stock is still up more than 3.80% for the year. Shares of LTD are trading nearly 7% below their 52-week high. The stock is currently trading well above its 50-day and 200-day moving averages. Register to download the free technical analysis on LTD at
http://www.StockCall.com/LTD041813.pdf
Shares of Chico's FAS Inc. also extended their losses for the week on Wednesday. Shares of the apparel company dropped to an intra-day low of $16.90 before finishing the day 1.45% lower at $17.03 on above average volume of 3.01 million. Chico's shares have fallen more than 5.20% this week, as the broad market has struggled amid concerns over global economic growth. Year-to-date, the stock is now down more than 7.40%. The company's shares have also slipped below their 50-day and 200-day moving averages this week, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. Free report on CHS can be accessed by registering at
http://www.StockCall.com/CHS041813.pdf
Shares of The Wet Seal Inc. edged higher yesterday despite losses in the broad market. The stock touched an intra-day high of $3.36 before finishing the day 1.13% higher at $3.12 on above average volume of 1.09 million. The company's shares are trading close to their 52-week high of $3.54. The stock has had an excellent run so far in 2013, gaining more than 13%. Shares of WTSL have recently broken through $3.15 resistance level. Register with StockCall and download the research on WTSL for free at
http://www.StockCall.com/WTSL041813.pdf
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