After Yesterday's Rally of 2.71% Shares Could Potentially Pullback
Chico's FAS (NYSE:CHS) traded in a range yesterday that spanned from a low of $10.73 to a high of $11.09. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $11.02 on volume of 610,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Chico's FAS have traded between a low of $9.61 and a high of $17.50 and are now at $10.98, which is 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.5%.
SmarTrend is tracking the current trend status for Chico's FAS and will alert subscribers who have CHS in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders chico's fas