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Watch for Ascena Retail Gr to Potentially Pullback After Gaining 3.50% Yesterday

By David Diaz

Ascena Retail Gr (NASDAQ:ASNA) traded in a range yesterday that spanned from a low of $0.36 to a high of $0.38. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $0.35 on volume of 140,000 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 Ascena Retail Gr have traded between a low of $0.20 and a high of $3.63 and are now at $0.38, which is 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 3.7%.

SmarTrend is tracking the current trend status for Ascena Retail Gr and will alert subscribers who have ASNA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ascena retail gr

Ticker(s): ASNA