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Recent 52-Week Low Surpassed in Shares of Express (EXPR)

By David Diaz

Express (NYSE:EXPR) traded at a new 52-week low today of $7.49. So far today approximately 178,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 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.

Potential upside of 55.1% exists for Express, based on a current level of $7.51 and analysts' average consensus price target of $11.65. The stock should find initial resistance at its 200-day moving average (MA) of $18.38 and further resistance at its 50-day MA of $19.54.

In the past 52 weeks, shares of Express have traded between the current low of $7.49 and a high of $21.57 and are now at $7.51. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Express on December 1st, 2016 by issuing a Downtrend alert when the shares were trading at $11.05. Since that call, shares of Express have fallen 31.1%. 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

Ticker(s): EXPR