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Shares of Ascena Retail Gr Has Fallen Below Previous 52-Week Low

By Amy Schwartz

Shares of Ascena Retail Gr (NASDAQ:ASNA) traded today at $1.42, breaking its 52-week low. So far today approximately 3.7 million shares have been exchanged, as compared to an average 30-day volume of 2.6 million shares.

Ascena Retail Gr has overhead space with shares priced $1.42, or 36.9% 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 $2.48 and find additional resistance at the 200-day MA of $3.52.

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.

Ascena Retail Gr share prices have moved between a 52-week high of $5.29 and the current low of $1.42 and are currently at $1.42 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.8%.

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 22.5%. 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