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Watch for Continued Gains in Shares of Christopher & Banks (CBK)

By James Quinn

Christopher & Banks (NYSE:CBK) traded today at a new 52-week high of $9.49. So far today approximately 259,000 shares have been exchanged, as compared to an average 30-day volume of 379,000 shares.

Christopher & Banks Corporation is a specialty retailer of women's clothing providing exclusive fashions under the Christopher & Banks label. The Company has stores operating primarily in the northern regions throughout the United States.

Christopher & Banks (NYSE:CBK) is currently priced 1.5% above its average consensus analyst price target of $9.33. Christopher & Banks shares have support at the 50-day moving average (MA) of $7.41 and additional support at the 200-day MA of $6.91.

In the past 52 weeks, shares of Christopher & Banks have traded between a low of $5.30 and a high of $9.49 and are now at $9.48, which is 79% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 3.5%.

SmarTrend recommended that subscribers consider buying shares of Christopher & Banks on May 29th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.99. Since that recommendation, shares of Christopher & Banks have risen 27.6%. We continue to monitor CBK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows christopher & banks

Ticker(s): CBK