Stock Activity Alert for Joe's Jeans Inc. (JOEZ)

Published on 07/21/2010 by Leo Goldman

Shares of JOEZ touched the 50-day moving average from below but failed to break through the widely watched resistance line. If the stock price remains below the critical 50-day moving average, then investors may continue to sell the shares in anticipation of a downward price move.

If shares of Joe's Jeans Inc. climb above the resistance line, the trend of the stock may change. The stock might become bull or neutral and traders may need to rely on other indicators as part of their strategy to determine what action to take concerning the stock.

Shares of Joe's Jeans Inc. closed at $1.94 in the previous trading session and opened today at $1.96. JOEZ is currently trading at $2.05, up $0.11 (+5.67%) in today's trading session. The shares of the stock are trading between the range of $1.90 - $2.13. Today's price change was accompanied by a volume of 1,362,014 shares which is greater than the average volume of 1,229,800 shares.






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