Ascena Retail Group (ASNA) Shares are Up 5.38%

Ascena Retail Group (ASNA) : Traders are bullish on Ascena Retail Group (ASNA) as it has outperformed the S&P 500 by a margin of 8.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.38% in the last 1 week, and is up 15.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Ascena Retail Group (NASDAQ:ASNA): The stock opened at $8.04 on Friday but the bulls could not build on the opening and the stock topped out at $8.05 for the day. The stock traded down to $7.76 during the day, due to lack of any buying support eventually closed down at $8.03 with a loss of -0.50% for the day. The stock had closed at $8.07 on the previous day. The total traded volume was 1,495,731 shares.


The stock has recorded a 20-day Moving Average of 10.01% and the 50-Day Moving Average is 10.67%. Ascena Retail Group Inc. has dropped 17.13% during the last 3-month period . Year-to-Date the stock performance stands at -18.48%.

Ascena Retail Group, Inc. is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment consists of specialty retail, outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel, accessories, footwear, intimates and lifestyle products. The Lane Bryant segment offers apparel, including intimate apparel, wear-to-work and casual sportswear, accessories, select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30, including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.

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