News for 'PSUN' - (*DJ Pacific Sunwear of California Raised to Buy From Neutral by D.A. Davidson >PSUN) (END) Dow Jones NewswiresFebruary 15, 2013 08:36 ET (13:36 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.- - 08 36 AM EST 02-15-13 Source: DJ Broad Tape Compliments of Scottrade.com
News for 'PSUN' - (Upgrade Alert for Pacific Sunwear (PSUN)) Feb 15, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Pacific Sunwear(NASDAQ:PSUN) was upgraded from Neutral to Buy at DA Davidson today. The stockclosed yesterday at $2.24 on volume of 327,000 shares, above average dailyvolume of 214,000. In the past 52 weeks, shares of Pacific Sunwear have tradedbetween a low of $1.17 and a high of $2.73 and are now at $2.24, which is 91%above that low price. In the last five trading sessions, the 50-day movingaverage (MA) has climbed 2.5% while the 200-day MA has risen 0.8%. Pacific Sunwear of California, Inc. operates a nationwide mall-based specialtyretail chain of stores. The Company specializes in casual apparel, footwear, andrelated accessories catering to teenagers and young adults. Based on a current price of $2.24, Pacific Sunwear is currently 2.9% above itsaverage consensus analyst price target of $2.17. The stock should discoverinitial support at its 200-day moving average (MA) of $1.86 and subsequentsupport at its 50-day MA of $1.81. SmarTrend recommended that subscribers consider buying shares of Pacific Sunwearon November 29th, 2012 as our proprietary SmarTrend analytics indicated a newUptrend was in progress when shares hit $1.79. Since that recommendation, sharesof Pacific Sunwear have risen 21.8%. We continue to monitor PSUN for anypotential shift so investors can protect gains and will alert SmarTrendsubscribers immediately. Write to Chip Brian at cbrian@mysmartrend.com
