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AnnTaylor Sets Up In Fashionable Base.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
AnnTaylor Stores nearly tripled over a yearlong span from March 2003 to March 2004. The stock then fell into a new base, finding support at its 200-day moving average along the way. It's now trading above its 50-day as it attempts to round out the right side of its base.
The upscale women's clothing designer said it plans to report June sales on July 8. Year-over-year sales growth has picked up to 23% from 2% in the last four quarters. Profit growth has surged to 65% from 15% in the last three quarters.
Retailers have rallied lately, with the Retail-Clothing/Shoe group ranked 19th among the 197 ...
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