LONDON, March 20, 2013 /PRNewswire/ --
The Commerce Department earlier this month reported that retail sales rose 1.1% in the month of February. The stronger-than-expected retail sales data highlights the fact that improving labor and housing markets have boosted consumer confidence. With labor market continuing to show signs of improvement, consumer spending is expected to remain strong in the coming months. This augurs well for department stores such as J.C. Penney Company Inc. (NYSE: JCP), Kohl's Corporation (NYSE: KSS), Saks Inc. (NYSE: SKS), and Dillard's Inc. (NYSE: DDS). Department stores stocks struggled on Tuesday as the broad market remained under pressure due to ongoing worries over Cyprus's bailout. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on JCP, KSS, SKS, and DDS at
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Shares of J.C. Penney Company fell sharply on Tuesday, paring some of the recent gains. The stock closed 0.97% lower at $16.28 on volume of 11.85 million. The stock is still up more than 5.70% in the last three trading sessions, thanks mainly to the Monday's rally. Year-to-date, however, J.C. Penney's shares have struggled, falling more than 17%. Technical indicators for the company are currently giving bullish signals. The stock broke through $16 resistance level on Monday. Its MACD has also crossed above the signal line, which is a strong bullish signal. Sign up today to read the free research report on JCP at
http://www.StockCall.com/JCP032013.pdf
Shares of Kohl's Corporation tumbled in Tuesday's trading session. The stock ended the day 4.08% lower at $46.56 on above average volume of 4.98 million. The stock has now fallen more than 5% in the last three sessions. Kohl's shares fell below their 200-day moving average as a result of the sell-off on Tuesday. The stock also slipped below $47 support level. These are bearish signals. This downbeat trend is further confirmed by the stock's MACD chart. Despite the sharp decline, Kohl's Corp.'s shares are still up more than 8% for the year. Register to download the free technical analysis on KSS at
http://www.StockCall.com/KSS032013.pdf
Another major loser in the department stores sector on Tuesday was Saks Inc. Shares of the New York City-based company fell 0.51% to $11.62 on volume of 1.67 million. Saks' shares have performed well this year, gaining more than 10.50%, compared to a gain of over 8.50% for the S&P 500. The stock recently broke through $11.60 resistance level, which is a bullish signal. However, the stock's MACD chart suggests that market sentiment may have turned bearish. The company's shares have support at around $11.60 at the moment. Free report on SKS can be accessed by registering at
http://www.StockCall.com/SKS032013.pdf
Shares of Dillard's Inc. fell sharply in yesterday's session, closing 1.57% lower at $78.59 on above average volume of 662,668. The stock touched an intra-day high of $80.01 on Tuesday. Dillard's shares slipped below $80 support level yesterday, which is a bearish signal. The negative trend is further confirmed by recent volume activity, and the stock's MACD chart. The next support level for Dillard's Inc. shares is at around $74. The company's shares have underperformed the broad market this year, falling more than 6%. Register with StockCall and download the research on DDS for free at
http://www.StockCall.com/DDS032013.pdf
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