G-III Apparel Shares Climbing Higher, Up 9.4%

Print Share

Dec 17, 2012 (Market movers via COMTEX) -- G-III Apparel (NASDAQ:GIII), a company whose shares are moving quickly, is trading 9.4% higher to $35.58. The Dow is up 0.6% to 13,213 and the S&P is currently up 0.9% to 1,427.

In the past 52 weeks, shares of G-III Apparel have traded between a low of $17.31 and a high of $45.38 and are now at $35.58, which is 106% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has declined 0.4%.

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.

G-III Apparel has overhead space with shares priced $35.58, or 18.4% below the average consensus analyst price target of $43.60. The stock should hit resistance at its 50-day moving average (MA) of $36.54, as well as support at its 200-day MA of $29.78.

---------------------------------------------------------------------------------------------

Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.

Copyright, Comtex News Network, Inc. 2012

Free Stock Analysis From Zacks

Includes Zacks Long-Term Recommendation and Target Price

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.