Downgrade Alert for Aeropostale (ARO)
Aeropostale (NYSE:ARO) was downgraded from Hold to Underweight at Keybanc today. The stock closed yesterday at $13.15 on volume of 1.8 million shares, above average daily volume of 1.8 million.
Potential upside of 20.3% exists for Aeropostale, based on a current level of $13.15 and analysts' average consensus price target of $15.82. The stock should find initial resistance at its 200-day moving average (MA) of $13.79 and further resistance at its 50-day MA of $14.12.
Over the past year, Aeropostale has traded in a range of $11.76 to $17.10 and closed yesterday at $13.15, 12% above that low. The 200-day and 50-day moving averages have moved 0.03% higher and 0.61% lower over the past week, respectively.
Aeropostale, Inc. is a mall-based retailer of casual apparel and accessories that targets young women and men in the pre-teen and teenage market. The Company's stores provide active-oriented, fashion basic merchandise. Aeropostale operates stores throughout the United States.
SmarTrend is monitoring the recent change of momentum in Aeropostale. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Aeropostale in search of a potential trend change.
Keywords: analyst upgrades/downgrades Aeropostale