Ann Taylor Generates Profit, Better Comps in Q1

Filed under: Earnings Reports

Ann Taylor (ANN) closed higher this past Friday by a whopping 8%. It increased $1.73 to $21.96. Volume was well above average, an indication of conviction behind the trade. Wall Street gave the retailer a thumbs-up after its most recent quarterly report.

The stock has been an interesting one over the past twelve months. As I've mentioned before, it's been difficult figuring out exactly where the market wants to take it. Yet, when you step back and have a look at the one-year chart, you see what appears to be a bias to the upside. The right side of the graphic shows a little volatility that has pulled the stock down from the 52-week high of $25.24. Have we been presented with a buying opportunity?

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Ann Taylor Generates Profit, Better Comps in Q1 originally appeared on BloggingStocks on Sun, 23 May 2010 15:10:00 EST. Please see our terms for use of feeds.

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