Trade-Worthy: AnnTaylor Stores Corp. (NYSE: ANN)
About the only thing AnnTaylor Stores Corp. (NYSE: ANN) shares have going for them at this point is how anybody who’s thinking about shorting the stock, or buying put options on it, has a good chance at making some money.
Between the Motley Fool pointing out how unpopular ANN is on their CAPS site, the downgrade from Jeffries & Co., and the likely loss on weaker sales in Q4, it’s no wonder the stock is struggling.
The technical nail in the coffin for AnnTaylor Stores Corp. could be a move under $12.60 or so, where ANN found support in November. That support is being tested again right now. If it fails this time, then poof!
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