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Strength Seen in American Apparel, Inc. (APP): Stock Surges 21.2%
July 11, 2014

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American Apparel, Inc. was a big mover last session, as the company saw its shares catapult over 21% on the day. This massive rally can be attributable to solid volume with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $0.53 to $0.97 in the past one-month time frame.

In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged. However, yesterday’s price action is encouraging, so make sure to keep a close watch on this firm in the near future.

American Apparel currently has a Zacks Rank #3 (Hold) while its  Earnings ESP is 0.00%.

Some better-ranked stocks in the retail apparel shoe industry include Citi Trends, Inc. and Christopher & Banks Corporation (CBK - Free Report) with a Zacks Rank #1 (Strong Buy), while The Men's Wearhouse, Inc. carries a Zacks Rank #2 (Buy).

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