5 Retail Stocks Suffering Markdowns

These retailers are being dragged down by heavy selling

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Express (EXPR)

Express (EXPR) has been in meltdown mode since issuing disappointing guidance back in December, ending a strong uptrend that started in late 2012.

EXPR chart 5 Retail Stocks Suffering Markdowns
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This was followed by a top- and bottom-line miss on quarterly results earlier this month, as well as another batch of weak guidance. A return to the 2012 support lows would be worth a 30%+ drop from current levels.

Given that news, EXPR stock is in store for long-term troubles.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/5-retail-stocks-suffering-markdowns/.

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