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Ascena Retail Gr: New 52-Week Low Set Today (ASNA)

By Shiri Gupta

Shares of Ascena Retail Gr (NASDAQ:ASNA) traded at a new 52-week low today of $0.82. This new low was reached on below average trading volume as 383,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.

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.

Over the past year, Ascena Retail Grhas traded in a range of $0.82 to $5.29 and are now at $0.82. Over the past week, the 200-day moving average (MA) has gone down 2.9% while the 50-day MA has declined 0.8%.

Potential upside of 173.9% exists for Ascena Retail Gr, based on a current level of $0.82 and analysts' average consensus price target of $2.25. The stock should find initial resistance at its 50-day moving average (MA) of $1.15 and further resistance at its 200-day MA of $2.62.

SmarTrend recommended that its subscribers protect gains by selling shares of Ascena Retail Gr on May 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $1.03. Since that call, shares of Ascena Retail Gr have fallen 19.6%. 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