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
Please share this article