Here come the retailers. After a string of positive consumer data showing confidence at a five-year high and decent same-store sales in October, many of our nation's top retail chains are set to report third-quarter earnings results this week. Forecasts from retailers like Wal-Mart and Target are arguably the best gauges of consumer strength now and the jam packed earnings lineup is sure to bring more clarity moving forward.
This morning, many of the leading retail stocks are trading lower to start the day. The important Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by 0.19 to $43.05 a share. The daily chart of the RTH is still holding up very well. Short term traders can watch for intra-day support around the $42.88, and $42.68 levels. ...
Until about four trading days ago the important retail sector was leading the industry group in the stock market.. This morning, the retail sector is leading the major stock market indexes lower. The important Market Vectors Retail HOLDRS ETF (NYSEARCA:RTH) is trading lower by 0.38 cents to $41.34. This ETF will have intra-day support around the $40.85 area.
Abercrombie & Fitch Co illustrated Top Momentum - NYSE:ANF
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Crown Equity Holdings Inc., (CRWE)
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Abercrombie & Fitch Co Non Normal Trade in last session - NYSE:ANF
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American Express Company (NYSE:AXP) announced the launch of the American Express for Target Card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores. The launch of this Card provides millions of Americans with easy access to a consumer-friendly payment solution that is loaded with benefits, not fees.
Strange Volume of Abercrombie & Fitch Co - NYSE:ANF
Abercrombie & Fitch Co. (NYSE:ANF) witnessed volume of 22.47 million shares during last trade however it holds an average trading capacity of 2.96 million shares. ANF last trade opened at $51.26 reached intraday low of $46.69 and went -13.64% down to close at $48.10.
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