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LONDON, February 28, 2013 /PRNewswire/ --
Consumer confidence in the U.S. rose in the month of February following three months of decline, according to a report released by the Conference Board earlier in the week. This is an encouraging sign for the retail industry. With labor market continuing to show signs of improvement, housing market making a strong recovery and equity markets rallying, consumer confidence is expected to improve in the coming months. For apparel and jewelry retailers such as Ascena Retail Group Inc. (NASDAQ: ASNA), Aeropostale Inc. (NYSE: ARO), Nordstrom Inc. (NYSE: JWN), Tiffany & Co. (NYSE: TIF) and Zale Corporation (NYSE: ZLC), this is good news as they can expect sales to improve in the coming months. On Wednesday, shares of all companies except Zale Corporation finished higher, tracking gains in the broad market, which rallied for a second day in a row. StockCall analysts initiated preliminary technical research on ASNA, ARO, JWN, TIF and ZLC. These free reports are accessible by signing today at http://www.stockcall.com/register
Although Ascena Retail shares managed to end the day in the green, gains were limited. The stock closed 0.36% higher at $16.68 on above average volume of 2.04 million. The stock is still down more than 2.50% for the week. Year-to-date, it has fallen nearly 10%, compared to a gain of 4.73% for the NASDAQ. Ascena is currently trading on a P/E ratio of 15.74. The stock recently slipped below its 50-day moving average, which is a bearish signal. The bearish trend is further confirmed by the MACD chart. The MACD recently moved below the signal line and is trading below the zero-line. The free technical analysis on ASNA is available by signing up at http://www.StockCall.com/ASNA022813.pdf
Shares of Aeropostale rose sharply in Wednesday's trading session, ending the day 3.60% higher at $13.23 on volume of 1.82 million. The stock rose to an intra-day high of $13.35 yesterday. Despite the sharp rise in Wednesday's trading session, Aeropostale shares have gained just 1.69% this year compared to a gain of 6.29% for the S&P 500. The stock is currently trading close to its 50-day moving average. It is facing resistance at around $13.75. Register now to download the free research on ARO at http://www.StockCall.com/ARO022813.pdf
Shares of fashion specialty retailer, Nordstrom also rose sharply in Wednesday's trading session, ending the day 2.61% higher at $53.90 on above average volume of 2.43 million. Despite posting significant gains yesterday, the stock is still down 0.17% for the week. Year-to-date, the stock is marginally higher. Nordstrom shares are currently trading on a P/E ratio of 15.10. Technical indicators for the stock are currently giving bearish signals. Free report on JWN can be accessed by registering at http://www.StockCall.com/JWN022813.pdf
Shares of Tiffany & Co. rose 0.98% to finish the day at $66.66 on volume of 1.48 million. Tiffany's shares have had an excellent run this week, gaining nearly 3.50%. Year-to-date, the stock has gained more than 16%, outperforming the S&P 500. The company's shares have broken through $66 resistance level yesterday, which is a bullish signal. The stock's MACD has also moved above the signal line, which further confirms the bullish trend. Register with StockCall and download the research on TIF for free at http://www.StockCall.com/TIF022813.pdf
Shares of Zale Corp. fell sharply on Wednesday despite the rally in the broad market. The stock closed 2.19% lower at $4.02 on volume of 317,946. Despite the sharp decline yesterday, the stock is up more than 2% for the week. Read the full free research on ZLC by signing up to StockCall at http://www.StockCall.com/ZLC022813.pdf
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com
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