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Aeropostale Shaping 11-Week Base Bottom.(B)(NYSE STOCKS IN THE NEWS)
Byline: Nancy Gondo
Aeropostale has been working on a base since hitting a new intraday high Oct. 15. It fell below its 50-day moving average Dec. 4 and still trades under the trend line, but appears to have found support above 26. The new base builds on a seven-week base from which the apparel retailer broke out Oct. 6. You'll want to see the Accumulation/Distribution Rating rise to at least a B from its current D as the right side forms, which would indicate more mutual funds accumulating shares.
The mall-based chain's Stock Checkup Overall Rank puts it 15th in its 63-stock Retail-Clothing/Shoe group. But its Fundamental Rank is ...
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