Charlotte Russe (CHIC) NewsBite - CHIC Downgraded By JP Morgan
Posted: Tuesday, August 25, 2009 2:12 PM EDT
Charlotte Russe (CHIC) was downgraded today by analysts at JP Morgan and the stock is now at $17.36, unchanged (0%) on volume of 4,123,993 shares traded. The analysts downgraded CHIC to Neutral from Overweight. Over the last 52 weeks the stock has ranged from a low of $3.98 to a high of $17.40. Charlotte Russe stock has been showing support around $17.32 and resistance in the $17.42 range. Technical indicators for the stock are bullish and S&P gives CHIC a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for CHIC. [ABR-Seven Summits Strategic Investments NewsBite]
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