Wednesday, July 29, 2009

CHS 10.83 +0.09 (0.84%)

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The Chico’s brand sells designed, private branded clothing focusing on women 35 and over with a moderate to high income level. -Google Finance

Short term Projection for the future( 1 mo) : Price will fall. Bounce off the upper trend line. Expect $9.50 plus. Note the most recent OHLC. It is red meaning closing price is below opening price. Perhaps sellers are winning the battle.

Long Term Projection(2 mo+): Price increase until mid september when the trend will become unclear as price start to squeeze into the funnel. Can break either way. Need to wait for more news. We'll see if buyers can demand the price up.

Notes: Rated a buy at Jefferies on July 15th, 14 days ago. Price has risen 18% since then.

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