Jos. A Bank Clothiers (JOSB) NewsBite - JOSB Slips on Inflation Worries

Posted on Tuesday, July 01, 2008 10:45 AM

Jos. A Bank Clothiers Inc. (JOSB) opened at 26.31. So far today, the stock has hit a low of 26.05 and a high of 27.19. JOSB is now trading at 26.15, down 0.60 (-2.28%). The stock hit its 52 week high of 43.65 in July and set its 52 week low of 18.81 in March. JOSB has been generally down for the past year. Shares of Jos A Bank Clothiers have been falling today with other retailers as soaring oil prices stirred news concerns about inflation. This led to fears that consumers may continue to pull back their spending. Technical indicators for the stock are bullish but slightly deteriorating. If you’re looking for a hedged play on this stock, consider an August bear-call credit spread above the $35 range. JOSB stock could rise up to 33.8% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]