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Stock to Watch: Joe's Jeans Up 7.5% (JOEZ)
Feb 22, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Joe's Jeans (NASDAQ:JOEZ) is one of today's best performing low-priced stocks, up 7.5% to $1.58 on 3.5x average daily volume. Joe's Jeans has traded 2.2 million shares thus far today, vs. average volume of 611,000 shares per day. The stock has outperformed the Dow (7.5% to the Dow's 0.4%) and outperformed the S&P 500 (7.5% to the S&P's 0.4%) during today's trading.
Joe's Jeans, Inc. designs, produces, and markets men's and women's denim related apparel.
In the past 52 weeks, shares of Joe's Jeans have traded between a low of $0.50 and a high of $1.73 and are now at $1.58, which is 216% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.8%.
Joe's Jeans has overhead space with shares priced $1.58, or 36.8% below the average consensus analyst price target of $2.50. Joe's Jeans shares have support at the 50-day moving average (MA) of $1.16 and additional support at the 200-day MA of $1.08.
SmarTrend recommended that subscribers consider buying shares of Joe's Jeans on January 7th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.06. Since that recommendation, shares of Joe's Jeans have risen 38.7%. We continue to monitor JOEZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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