Pre-Market Technical Recap on Textile Stocks -- Hanesbrands, Under Armour, Kate Spade, and Lululemon Athletica
NEW YORK, June 14, 2017 /PRNewswire/ --
DailyStockTracker.com has lined up four Textile Apparel Clothing companies for assessment: Hanesbrands Inc. (NYSE: HBI), Under Armour Inc. (NYSE: UAA), Kate Spade & Co. (NYSE: KATE), and Lululemon Athletica Inc. (NASDAQ: LULU). According to a report on Euler Hermes, textile and clothing producer prices are forecasted to rise +0.5% in 2017 in the US and China, and by +1.5% in 2018 for the latter. As a result, exports should climb by +3.5% to $925 billion, if no major occurrence upends international trade. Daily Stock Tracker provides great insights on these stocks in its free research reports at:
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Hanesbrands
Winston-Salem, North Carolina headquartered Hanesbrands Inc.'s shares rose 0.13%, finishing Tuesday's trading session at $22.85. A total volume of 4.02 million shares was traded. In the last month and the previous three months, the stock has advanced 6.58% and 12.78%, respectively. Additionally, the Company's shares have gained 5.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 7.48% and 0.63%, respectively. Moreover, shares of Hanesbrands, which designs, manufactures, sources, and sells various basic apparel for men, women, and children in the US, have a Relative Strength Index (RSI) of 69.96. Free research report on HBI is available at:
http://dailystocktracker.com/registration/?symbol=HBI
Under Armour
On Tuesday, shares in Baltimore, Maryland headquartered Under Armour Inc. recorded a trading volume of 8.39 million shares, which was higher than their three months average volume of 5.14 million shares. The stock ended the session 0.82% lower at $22.95. The Company's shares have gained 11.52% in the last one month and 20.66% over the previous three months. The stock is trading 14.51% above their 50-day moving average. Furthermore, shares of Under Armour, which together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, Middle-East, Africa, Asia/Pacific, and Latin America, have an RSI of 74.76.
On May 16th, 2017, research firm Berenberg initiated a 'Hold' rating on the Company's stock, with a target price of $20 per share.
On May 25th, 2017, Under Armour and Tom Brady announced the 2017 Tom Brady Asia Tour Powered by Under Armour. As the Company continues to expand its presence in Asia, the tour brings the five-time World Champion and two-time MVP to the region to immerse himself and the brand in the culture, and connect with fans. The 2017 Tom Brady Asia Tour Powered by Under Armour begins on Sunday, June 18th, 2017, in Beijing, and includes visits to Shanghai and Tokyo over six days. The complimentary research report on UAA can be downloaded at:
http://dailystocktracker.com/registration/?symbol=UAA
Kate Spade
Shares in New York-based Kate Spade & Co. closed at $18.48, slightly up 0.11% from the last trading session. The stock recorded a trading volume of 1.88 million shares. The Company's shares have gained 0.38% in the last month. The stock is trading 0.18% below its 50-day moving average. Additionally, shares of Kate Spade, which together with its subsidiaries, designs and markets apparel and accessories, have an RSI of 47.35. Visit DailyStockTracker.com today and access our complete research report on KATE at:
http://dailystocktracker.com/registration/?symbol=KATE
Lululemon Athletica
Vancouver, Canada-based Lululemon Athletica Inc.'s stock ended 0.94% higher at $52.39 with a total trading volume of 2.15 million shares. The Company's shares are trading above their 50-day moving average by 2.10%. Shares of the Company, which together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth, have an RSI of 57.20.
On June 02nd, 2017, research firm Canaccord Genuity reiterated its 'Sell' rating on the Company's stock with a target price of $41 a share.
On June 05th, 2017, Lululemon Athletica announced that it will be presenting at the William Blair 37th Annual Growth Stock Conference on June 14th, 2017, at 8:00 a.m. CT at the Four Seasons Hotel in Chicago, IL. Stuart Haselden, COO and CFO, will host the presentation. Get free access to your research report on LULU at:
http://dailystocktracker.com/registration/?symbol=LULU
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