Today's Technical View on LTD, ZQK and HBI
Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.
LONDON -- (Marketwire) -- 02/19/13 --
Stocks struggled in Friday's trading session as investors remained cautious ahead of the G20 summit in Moscow, which took place over the weekend. At the end of trading on Friday, our research team took notice of stocks in the Apparel sector, including Limited Brand Inc. (NYSE:LTD), Quiksilver Inc. (NYSE:ZQK), and Hanesbrands Inc. (NYSE:HBI). Wall Street Active research team has completed free research on LTD, ZQK and HBI. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at
Limited Brands Inc. Shares End Flat
On Friday, shares of specialty retailer Limited Brands finished nearly flat. The stock closed 0.02% higher at $44.06, with volume at 3.68 million, close to the daily average of 4 million. Earlier in the day, Limited Brands Inc. shares hit an intra-day high of $44.68 before paring most of the gains. For the week, the stock fell more than 3.8%. Shares of the Columbus, Ohio-based company have been under pressure after it recently reported sales data. Limited Brands Inc. shares have seen selling pressure over the last couple of weeks after the stock failed to break through $48.5 resistance level. The stock is currently trading close to $44, which has been a strong support level. Sign up today and get useful insight about LTD for free at
Quiksilver Inc. Shares Having an Excellent Run This Year
Shares of Quiksilver have had an excellent run this year. Year-to-date, the stock has gained nearly 50%, easily outperforming the S&P 500, which has gained 6.55% in the same period. On Friday, though, Quiksilver Inc. shares finished flat as trading activity remained subdued. The stock finished at $6.37 on volume of 1.96 million, which is significantly below the daily average of 3.64 million. The company's shares are trading close to their 52-week high of $6.83, which the stock hit on February 8. The stock saw a slight pullback after hitting its 52-week high and is now facing resistance at $6.75. It is trading well above its 50-day and 200-day moving averages. Free report on ZQK can be accessed by registering at
Hanesbrands Inc. Also Up Sharply for the Year
Another stock in the apparel sector that has outperformed the broad market this year is Hanesbrands Inc. Year-to-date shares of the North Carolina-based company have gained more than 11.5%, outperforming the S&P 500. On Friday, Hanesbrands shares saw a pullback, finishing the day 1.14% lower at $39.96 on above average volume of 1.47 million. For the week, the stock fell more than 1.3%. Register with Wall Street Active and download the research on HBI for free at
Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.
Ravi S. Kapur
Telecommunication, Information & Data Manager
Source: Wall Street Active