• Return to Headlines

Ascena Retail Gr: The Losing Streak Continues (ASNA)

By Shiri Gupta

Shares of Ascena Retail Gr (NASDAQ:ASNA) traded at a new 52-week low today of $1.19. This new low was reached on below average trading volume as 410,000 shares traded hands, while the average 30-day volume is approximately 3 million shares.

Ascena Retail Gr has overhead space with shares priced $1.19, or 47.3% below the average consensus analyst price target of $2.25. Ascena Retail Gr shares should first meet resistance at the 50-day moving average (MA) of $2.39 and find additional resistance at the 200-day MA of $3.49.

Ascena Retail Gr share prices have moved between a 52-week high of $5.29 and the current low of $1.19 and are currently at $1.19 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 3.6%.

Ascena Retail Group, Inc. is a holding company for a national chain of women's apparel specialty stores. The Company's stores operate nationwide and in the District of Columbia.

SmarTrend recommended that its subscribers protect gains by selling shares of Ascena Retail Gr on January 30th, 2019 by issuing a Downtrend alert when the shares were trading at $2.44. Since that call, shares of Ascena Retail Gr have fallen 51.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ascena retail gr

Ticker(s): ASNA