DSW Inc. (NYSE: DSW)

DSW Inc. operates as a branded footwear and accessories retailer in the United States. The company operates in two segments, DSW and Affiliated Business Group. It offers a range of brand name dresses, casual and athletic footwear, and accessories for women and men through its DSW stores and dsw.com. The company also provides kids shoes; and handbags, hosiery, jewelry, and other accessories.
Take a look at the 1-year chart of DSQ (NYSE: DSW) below with the added notations:

DSW finished last year and started this year on a sour note. However, since bottoming in May, the stock has stabilized and has been working its way higher. Starting at the end of August, DSW has made a habit of finding resistance just under the $32 level, which was also support back in the spring. A break back above $32 should result in higher prices for the stock.

The Tale of the Tape: DSW has a key level at $32. A trader could enter a long position on a break above $32 with a stop placed under the level. However, if traders are bearish on the stock, or the market overall, a short trade could be made at the $32 level instead.
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