Moving Average Crossover: Great News for Chico's FAS (CHS)? - Tale of the Tape
25 March 2014 - 1:19AM
Zacks
Chico's FAS, Inc. (CHS) could be
a stock to avoid from a technical perspective, as the firm is
seeing unfavorable trends on the moving average crossover front.
Recently, the 50 Day Moving Average for CHS broke out below the 200
Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved
lower by 2.5% in the past four weeks. Plus, the
company currently has a Zacks Rank #5 (Strong Sell) meaning that
now could definitely be the time to get out of this potentially
in-trouble stock.
CHICOS FAS INC (CHS): Free Stock Analysis Report
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