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Technical Analysis Alert for Jones Apparel Group (JNY)
Shares of JNY touched the 50-day moving average from below but failed to traverse above the widely
watched resistance line of $17.39. If the stock stays below the critical 50-day moving average, then
investors may continue to sell the shares in anticipation of a downward price move.
Shares of Jones Apparel Group closed at $16.68 in the previous trading session and opened today at $17.25.
JNY is currently trading at $17.00, up $0.32 (+1.92%) in today's trading session.
The shares of the stock are trading between $16.84 and $17.87. Today's price shift was accompanied by a volume of 4,711,527 shares which
is greater than the average volume of 1,682,880 shares.
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such. Neither Market Intellisearch nor its affiliates are responsible for any errors or for results obtained from the use of this information.
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instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without
notice. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly
consider seeking advice from your own financial or investment adviser.
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