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Express Inc: New 52-Week Low Set Today (EXPR)

By James Quinn

Shares of Express Inc (NYSE:EXPR) traded today at $2.32, breaking its 52-week low. Approximately 167,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

Express, Inc. operates specialty retail apparel stores throughout the United States that target women and men between 20 and 30 years old. The Company offers apparel and accessories to address fashion needs across multiple aspects of their lifestyles including work, casual and going-out occasions. Express operates stores throughout the United States and retails online.

In the past 52 weeks, shares of Express Inc have traded between the current low of $2.32 and a high of $11.69 and are now at $2.45. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.3% while the 200-day MA has slid 3.9%.

Express Inc has overhead space with shares priced $2.45, or 69.4% below the average consensus analyst price target of $8.00. The stock should run into initial resistance at its 50-day moving average (MA) of $2.91 and subsequent resistance at its 200-day MA of $5.17.

SmarTrend recommended that its subscribers protect gains by selling shares of Express Inc on November 19th, 2018 by issuing a Downtrend alert when the shares were trading at $7.92. Since that call, shares of Express Inc have fallen 69.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows express inc

Ticker(s): EXPR