Trade Alert - Pier 1 Imports at New Highs | 52 WeekHighLow

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Trade Alert - Pier 1 Imports at New Highs

Published on Thursday, 05 January 2012 11:34 Written by Christopher Lynn

pir New York, January 5th (TradersHuddle.com) - Shares of Pier 1 Imports, Inc. (NYSE:PIR) booked a new 52 week high today by trading above $14.43, traders are definitely monitoring Pier 1's price action to see if this move attracts further buying into the stock.

Pier 1 Imports, Inc. (NYSE:PIR) retails decorative home furnishings, gifts, and related items. Pier 1 stores are located in throughout the United States. Additonally the company has locations internationally in Puerto Rico, Canada, the United Kingdom, and Mexico.

Pier 1 Imports is currently trading 5.19% versus its previous trading session close, and it has calculated support and resistance at $12.50 and $14.43 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.35% from its previous trading close, which means that Pier 1 Imports stock is outperforming the overall market.

Oppenheimer Maintains Outperform Rating, $20 PT for Pier 1 Imports - Benzinga
Pier One Imports Stock To Go Ex-dividend Monday (PIR) - TheStreet.com
Pier One Imports Stock Hits New 52-Week High (PIR) - TheStreet.com
Pier One Imports Stock Hits New 52-Week High (PIR) - TheStreet.com
Pier One Imports Stock Hits New 52-Week High (PIR) - TheStreet.com
Pier 1 Posts 10.3% In Q4 Comparable-Store Sales - Benzinga
Pier One Imports Stock Hits New 52-Week High (PIR) - TheStreet.com
Pier One Imports Reaches New 52-Week High (PIR) - TheStreet.com
Pier One Imports Reaches New 52-Week High (PIR) - TheStreet.com
Pier One Imports Reaches New 52-Week High (PIR) - TheStreet.com

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