TwinTrader.com announces the publication of Breakout for DBRN; highlighting public companies on the move and what’s behind the surge.
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“The Dress Barn Inc. and its subsidiaries operate a chain of women's apparel specialty stores principally under the names “Dressbarn,” “Dressbarn Woman,” and “Maurices” in the United States. It offers casual clothing, career wear, leather and outerwear, dresses, suits, woven tops, jewelry and accessories…
“Expectations of strong earnings are driving this stock. Bullish momentum may continue until the conference call Wednesday, September 17, 2008. Dressbarn earnings have been relatively strong in the wake of a slowing economy. Retailers such as Dressbarn have been the winners in the retail business as consumers pare down purchases of higher priced clothing…
“Technically, the stock looks strong. A wide trading range has been established, giving traders and investors opportunities to pick a price along its channel to enter the stock. The 50-day moving average is significantly above the 200-day average, indicating the stock has had bullish momentum long enough to establish a visible trend...”
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