Downgrade Alert for Aeropostale (ARO)
Aeropostale (NYSE:ARO) was downgraded from Neutral to Underweight at Piper Jaffray today. The stock closed yesterday at $5.11 on volume of 2.5 million shares, below average daily volume of 5.6 million.
Aeropostale share prices have moved between a 52-week high of $17.10 and a 52-week low of $4.73 and closed yesterday at 8% above that low price at $5.11 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 2.1%.
Aeropostale has overhead space with shares priced $5.11, or 27.8% below the average consensus analyst price target of $7.08. The stock should find initial resistance at its 50-day moving average (MA) of $6.35 and further resistance at its 200-day MA of $9.34.
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 recommended that its subscribers protect gains by selling shares of Aeropostale on March 17th, 2014 by issuing a Downtrend alert when the shares were trading at $5.68. Since that call, shares of Aeropostale have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades Aeropostale