StockCall Study on Hanesbrands, Quiksilver, PVH Corp., and Ralph Lauren
LONDON, March 20, 2013 /PRNewswire/ --
The most recent holiday season turned out to be disappointing for retailers as consumers remained cautious amid uncertainty over the fiscal cliff issue. The fiscal cliff deal was reached at the start of this year. While the deal saw the expiration of payroll tax cuts, consumer spending has been rather resilient. The main driver for consumer spending has been improving labor market. With labor market continuing to improve, apparel companies such as Hanesbrands Inc. (NYSE: HBI), Quiksilver Inc. (NYSE: ZQK), PVH Corp. (NYSE: PVH), and Ralph Lauren Corp. (NYSE: RL) can expect a robust year ahead. On Tuesday, however, apparel stocks struggled as the broad market remained under pressure due to ongoing worries over Cyprus's bailout. StockCall free coverage on HBI, ZQK, PVH, and RL is available upon registration at
http://www.stockcall.com/register
Shares of Hanesbrands Inc. edged higher in Tuesday's trading session, closing 0.54% higher at $41.33 after touching an intra-day high of $41.42. Hanesbrands' shares are currently trading close to their 52-week high of $41.95. The stock has had an excellent run this year, gaining more than 15%. The company's shares recently broke through $41 resistance level, which is a bullish signal. The upbeat trend is further confirmed by the stock's MACD chart. The MACD is currently trading above the signal line and the zero-line. Download the free technical research on HBI by signing up at
http://www.StockCall.com/HBI032013.pdf
Shares of Quiksilver Inc. struggled in trading yesterday. The stock ended the day 0.77% lower at $6.45, extending their losses in the last three trading sessions to over 2%. Despite the recent pullback, Quiksilver's shares are still trading close to their 52-week high of $6.83. The stock has gained more than 51% this year, making it one of the best performers in the retail sector. Shares of ZQK rallied in January; however, the stock has been trading sideways over the last one month. It is struggling to break through $6.75 resistance level. Register now and get access to the free analysis on ZQK at
http://www.StockCall.com/ZQK032013.pdf
PVH Corp.'s shares fell sharply in trading on Tuesday, extending its losses from the previous trading sessions. The stock fell 1.55% to finish the day at $114.26. The company's shares fell to an intra-day low of $113.90 yesterday, and are down more than 3.70% in the last three sessions. The stock has pared some of its gains for the year as a result of recent losses. Year-to-date, PVH Corp. shares are now up nearly 3%, compared to a gain of over 8.50% for the S&P 500. The stock recently slipped below $115 support level, which is a bearish signal. The downbeat trend is further confirmed by the stock's MACD chart. Sign up and read the complimentary report on PVH at
http://www.StockCall.com/PVH032013.pdf
Ralph Lauren Corp.'s shares also struggled in yesterday's trading session, closing 1.19% lower at $167.20. The stock fell to an intra-day low of $165.20 earlier in the day. Despite the sharp decline on Tuesday, Ralph Lauren's shares are still up more than 11.50% for the year, outperforming the S&P 500. The stock, however, has seen a series of lows over the past week, which indicates that market sentiment has turned bearish. This is confirmed by recent volume activity and the stock's MACD chart. The free report on RL can be downloaded by signing up now at
http://www.StockCall.com/RL032013.pdf
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