Today's Technical View on Tiffany & Co., Signet Jewelers, Ascena Retail Group, and Nordstrom
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130328:nPn3288540 LONDON, March 28, 2013 /PRNewswire/ -- The most recent holiday season turned out to be disappointing for retailers as consumers remained cautious amid uncertainty over the fiscal cliff issue. Lawmakers signed a last-minute fiscal cliff deal at the start of this year. Although the fiscal cliff deal led to the expiration of payroll tax cut, retail sales in the U.S. in the first two months of 2013 have been solid. The main reason behind this has been improving labor market. As labor market continues to show signs of improvement, consumer spending is expected to rise. This should benefit retailers such as Tiffany & Co. (NYSE: TIF), Signet Jewelers Ltd. (NYSE: SIG), Ascena Retail Group Inc. (NASDAQ: ASNA), and Nordstrom Inc. (NYSE: JWN). Retail stocks ended on a mixed note on Wednesday as the broad market struggled amid renewed worries over the Eurozone. StockCall initiated free in-depth technical analysis on TIF, SIG, ASNA, and JWN which are currently available upon sign up at http://www.stockcall.com/research Tiffany & Co.'s shares fluctuated between gains and losses on Wednesday before ending the day nearly flat. The stock closed 0.01% higher at $68.42 after touching an intra-day high of $68.48. The company's shares have fallen more than 1.10% this week. However, the stock's performance in 2013 has been excellent. Year-to-date, the company's shares have gained nearly 20%, easily outperforming the broad market. Its shares are currently facing stiff resistance at around $70. The stock is currently trading well above its 50-day and 200-day moving averages. Sign up for the free technical analysis on TIF at http://www.StockCall.com/TIF032813.pdf Signet Jewelers Ltd. shares edged higher in yesterday's trading session, extending their gains for the week. The stock touched an intra-day high of $63.58 before finishing the day 0.80% higher at $63.27. Signet's shares have now gained nearly 1.30% this week. The stock is currently trading close to its 52-week high of $63.98. Its shares, however, are facing stiff resistance at around $64. The stock is currently trading above its 50-day and 200-day moving averages. The stock's MACD has recently crossed above the signal line and is also trading above the zero-line, which indicates that market sentiment is bullish. Download the free report on SIG by registering at http://www.StockCall.com/SIG032813.pdf Ascena Retail Group Inc.'s shares edged lower on Wednesday, extending their losses for the week. The stock closed 0.81% lower at $18.34, taking its losses for the week to over 1.60%. Ascena Retail's shares have seen a series of lows over the past few trading sessions, which is a bearish signal. The stock's MACD has also crossed below the signal line, which further confirms the bearish trend. Its shares currently have support at around $18. The free report on ASNA can be downloaded by signing up now at http://www.StockCall.com/ASNA032813.pdf Nordstrom Inc.'s shares rose in trading yesterday, extending their gains for the week. The stock ended the day 0.41% higher at $54.50 after touching an intra-day high of $54.56. The stock has now gained more than 2.20% this week. Its shares have also crossed their 50-day moving average as a result of the sharp rise this week. This is a bullish signal. The upbeat trend is further confirmed by the stock's MACD chart. The MACD has just crossed above the signal line. Free report on JWN can be accessed by registering at http://www.StockCall.com/JWN032813.pdf About StockCall.com 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 SOURCE StockCall.com Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
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