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SmarTrend Watching for Potential Rebound in Shares of Chico'S Fas Inc After 7.13% Loss

By Amy Schwartz

Chico'S Fas Inc (:CHS) traded in a range yesterday that spanned from a low of $4.36 to a high of $4.50. Yesterday, the shares fell 7.1%, which took the trading range below the 3-day low of $4.44 on volume of 525,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Chico'S Fas Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Chico'S Fas Inc in search of a potential trend change.

In the past 52 weeks, shares of Chico'S Fas Inc have traded between a low of $2.33 and a high of $6.46 and are now at $4.49, which is 93% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.0%.

Keywords: rebounders :chs chico's fas inc

Ticker(s): CHS