• Return to Headlines

Chico'S Fas Inc Set to Possibly Rebound After Yesterday's Selloff of 2.40%

By James Quinn

Chico'S Fas Inc (:CHS) traded in a range yesterday that spanned from a low of $4.87 to a high of $5.00. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $4.89 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Chico'S Fas Inc have traded between a low of $4.42 and a high of $10.90 and are now at $4.89, which is 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1%.

SmarTrend is tracking the current trend status for Chico'S Fas Inc and will alert subscribers who have CHS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders :chs chico's fas inc

Ticker(s): CHS