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Bebe Stores Down 5.7%, Shares Slide into the Red (BEBE)
Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Bebe Stores (NASDAQ:BEBE) is one of today's worst performing low-priced stocks, down 5.7% to $3.94 on 1.2x average daily volume. Thus far today, Bebe Stores has traded 762,000 shares, vs. average volume of 625,000 shares per day. The stock has underperformed the Dow (-5.7% to the Dow's 0.9%) and underperformed the S&P 500 (-5.7% to the S&P's 0.8%) during today's trading.
Bebe Stores share prices have moved between a 52-week high of $9.58 and a 52-week low of $3.48 and are now trading 13% above that low price at $3.94 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 1.7%.
bebe stores, inc. designs, develops, and produces a line of contemporary women's apparel and accessories. The Company markets its products under the bebe, bebe moda, and bbsp brand names. bebe operates retail stores in the United States. Canada, and the United Kingdom.
There is potential upside of 39.0% for shares of Bebe Stores based on a current price of $3.94 and an average consensus analyst price target of $5.47. The stock should find resistance at its 200-day moving average (MA) of $5.21, as well as support at its 50-day MA of $3.85.
SmarTrend recommended that its subscribers protect gains by selling shares of Bebe Stores on April 23rd, 2012 by issuing a Downtrend alert when the shares were trading at $8.34. Since that call, shares of Bebe Stores have fallen 49.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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