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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.
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