More Upside for Ann ?

Published on Friday, 07 September 2012 12:34 Written by TradersHuddle Wire

New York, September 7th (TradersHuddle.com) - Shares of Ann, Inc. (NYSE:ANN) booked a new 52 week high today by trading above $38.56, traders are definitely monitoring Ann's price action to see if this move attracts further buying into the stock.

Ann, Inc. (NYSE:ANN), through its wholly owned subsidiary, retails women's apparel, shoes, and accessories primarily under the Ann Taylor brand name.

Ann is currently trading 0.03% versus its previous trading session close, and it has calculated support and resistance at $25.75 and $36.24 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 higher by 0.25% from its previous trading close, which means that Ann stock is underperforming the overall market.