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Recent 52-Week Low Surpassed in Shares of Chico'S Fas Inc (CHS)

By James Quinn

Shares of Chico'S Fas Inc (NYSE:CHS) traded today at $8.27, breaking its 52-week low. This new low was reached on below average trading volume as 444,000 shares traded hands, while the average 30-day volume is approximately 2.5 million shares.

Chico's FAS, Inc. sells private label women's casual clothing and related accessories. The Company's clothing includes tops, pants, shorts, skirts, and dresses. Chico's owns and operates stores throughout the United States.

Chico'S Fas Inc share prices have moved between a 52-week high of $16.85 and the current low of $8.27 and are currently at $8.43 per share. The 200-day and 50-day moving averages have moved 0.51% lower and 1.12% higher over the past week, respectively.

Chico'S Fas Inc has overhead space with shares priced $8.43, or 28.8% below the average consensus analyst price target of $11.83. Chico'S Fas Inc shares should first meet resistance at the 50-day moving average (MA) of $12.70 and find additional resistance at the 200-day MA of $13.01.

SmarTrend recommended that its subscribers protect gains by selling shares of Chico'S Fas Inc on April 5th, 2017 by issuing a Downtrend alert when the shares were trading at $13.05. Since that call, shares of Chico'S Fas Inc have fallen 35.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows chico's fas inc

Ticker(s): CHS