Pacific Sunwear of California Inc. (NASDAQ:PSUN) up by 12.84%, VelocityShares Daily 2x VIX Short Term ETN (NYSEARCA:TVIX)

Posted by Beth Hart May 23, 2013 0 Comment 667 views


Miami, FL 05/23/2013 (GDPInsider) – Pacific Sunwear of California, Inc. (NASDAQ:PSUN) is now up by 12.84% to currently trade at $3.30 as compared to previous close of $2.92. The stock hit its intraday low of $3.13 and hit an intraday high of $3.45. At present levels the stock is 151.15% above its 52-week low of $1.31 stock is 75.17 giving an indication that the stock is trading in an overbought zone. The stock’s long moving average is below the short moving average giving a bullish sign. The share price is about 54.76% above the Simple Moving average of 200 days and is 30.04% above the Simple Moving average of 50 days. The volatility experienced by the stock over the last five trading session was 4.42%, and over the previous one month is 4.80%. The share has given a return of -3.31% in the last week.

The company reported it’s reported its 1Q2013 sales of $169.84 million which was better than the consensus estimates of $164.2 million. The loss for the quarter widened since the teen-focused specialty retailer was hurt due to store-closure costs and additional losses on derivatives. The company laid down the revenue guidance for the full year to be between $209 million and $219 million.

Is PSUN a solid investment at these levels? Get valuable updates and exclusive insights here.

VelocityShares Daily 2x VIX Short Term ETN (NYSEARCA:TVIX) is now up by 1.87% to currently trade at $2.72 as compared to previous close of $2.67. The ETN hit its intraday low of $2.69 and hit an intraday high of $2.92. At present levels the ETN is 10.76% above its 52-week low of $2.51 and about 97.42% below its previous 52-week high of $107.70. The relative strength index of the ETN is 48.43 giving an indication that the ETN is trading in an oversold zone. The ETN’s long moving average is above the short moving average giving a bearish sign. The ETN’s price is about 72.66% below the Simple Moving average of 200 days and is 11.84% below the Simple Moving average of 50 days. The volatility experienced by the ETN over the last five trading session was 4.88%, and over the previous one month is 4.47%. The ETN has given a return of 1.91% in the last week.

and about 5.11% below its previous 52-week high of $3.13. The relative strength index of the

How Should Investors Trade TVIX Now? Get the latest trends and data here.

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About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

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