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Dec 14, 2012 (Market movers via COMTEX) -- G-III Apparel (NASDAQ:GIII), a company whose shares are moving quickly, is trading 5.7% lower to $31.90. The Dow Jones Industrial Average is now trading fractionally higher to 13,188 and the S&P is trading fractionally lower to 1,418.
Over the past year, G-III Apparel has traded in a range of $17.31 to $45.38 and is now at $31.90, 84% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.
G-III Apparel Group, Ltd. manufactures and distributes leather and non-leather outerwear apparel. The Company has fashion licenses with Kenneth Cole, Jones Apparel Group, Cole Haan, and Timberland. GIII own labels GIII, Siena Studio, Colebrook & Co, JLC, JL Colebrook, and ColeB. G-III also has licensing agreements with the NFL, NHL, NBA, and MLB.
Potential upside of 36.7% exists for G-III Apparel, based on a current level of $31.90 and analysts' average consensus price target of $43.60. The stock should find resistance at its 50-day moving average (MA) of $36.58, as well as support at its 200-day MA of $29.15.
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