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Pier 1 Imports Booked a New High

pir New York, January 13th (TradersHuddle.com) - Shares of Pier 1 Imports, Inc. (NYSE:PIR) booked a new 52 week high today by trading above $15.28, 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 -0.26% versus its previous trading session close, and it has calculated support and resistance at $12.50 and $15.28 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 -0.76% from its previous trading close, which means that Pier 1 Imports stock is outperforming the overall market.



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