DSW (DSW) Shares are Up 6.11%

DSW (DSW) : Traders are bullish on DSW (DSW) as it has outperformed the S&P 500 by a wide margin of 8.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.14%, 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 6.11% in the last 1 week, and is up 8.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

DSW Inc. is up 19.91% in the last 3-month period. Year-to-Date the stock performance stands at 8.12%. The stock has recorded a 20-day Moving Average of 6.23% and the 50-Day Moving Average is 12.36%.


DSW (NYSE:DSW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.89 and $24.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.36, notching a gain of 1.97% for the day. The total traded volume was 1,580,055 . The stock had closed at $24.87 on the previous day.

Also, Brokerage firm Deutsche Bank maintains its rating on DSW (NYSE:DSW). As per the latest information, the brokerage house raises the price target to $23 per share from a prior target of $22. The shares have been rated Hold. The rating by the firm was issued on July 15, 2016.

DSW Inc. is a footwear and accessories retailer. The Company offers assortment of shoes, handbags and accessories for women and men. The Company operates through two segments: the DSW segment and the Affiliated Business Group (ABG) segment. Its DSW segment includes DSW stores and dsw.com. The Company separates DSW merchandise into four primary categories: womens footwear; mens footwear; athletic footwear; and accessories and other. The ABG segment partners with four other retailers to help build and optimize their footwear businesses. As of January 31, 2015, the Company operated 431 DSW stores in 42 states, the District of Columbia and Puerto Rico. DSW stores average approximately 21,500 square feet and carry approximately 22,000 pairs of shoes. The Company also offers DSW Rewards, through which members earn points towards certificates every time they purchase.

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