Winning ASNA Stock Forecast: Ascena Makes Major Gains Of 28.63% in 3 Days

These capabilities are key building blocks of our larger transformation roadmap to deploy and utilize an enhanced suite of merchandise planning and marketing systems. These systems will enhance our ability to compete in today’s retail environment and we will continue our aggressive rollout schedule for the next 12 to 18 months.

-David Jaffe, CEO of Ascena Retail Group Inc.

(Source: Flickr)

In only the 3 day period between May 13-16, ASNA’s stock increased by over 25%.  On May 15, the stock was trading 19.64% and 20.98% above its 50-day and 200-day moving averages, respectively. These results can be seen on the graph below.

(Source: Yahoo Finance)

Such a steep surge may be  a result of the following:

  • Strong Relative Strength Index (RSI) of 72.54- 81.54
  • Strengthened executive team to implement new strategies – clarify the added value to the team?
  • Charity Work, which benefits brand’s image and increasing customer loyalty

ASNA was so successful over the time period due to a combination of factors. Within the predicted time period, ASNA’s Relative Strength Index (RSI) increased from 71.28 to 81.51 on May 16. This strong value indicates positivity towards the future of the company. Additionally, over Q2, Ascena made changes to its executive team and leadership structure in order to promote growth. These executives implemented new merchandising capabilities that are beneficial to the company such as markdown and size pack optimization. Finally, on May 10, Lane Bryant and Catherines, 2 of Ascena’s brands, announced a successful round of fundraising for the Nationwide Children’s Hospital which is good for the brand’s public image and increases brand loyalty.

Current I Know First subscribers received this bullish ASNA forecast on May 13, 2018 .

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Following a bullish 3 day prediction by the I Know First algorithm, on May 13 with a signal of 87.63 and a predictability of .05, ASNA opened at $2.48 on May 13 and closed at $3.19 on May 16- 28.63% returns, showcasing the accuracy of the I Know First algorithm.

 

How to interpret this diagram

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Ascena Retail Group, Inc. (NASDAQ: ASNA), through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel. The company also offers casual clothing, career wear, dressy apparel, and active wear, as well as special occasion and classic apparel. Its principal brands comprise Ann Taylor, LOFT, maurices, dressbarn, Lane Bryant, Catherines, and Justice brands. As of July 29, 2017, the company operated approximately 4,800 stores. It also offers its products through its Websites, including anntaylor.com, LOFT.com, louandgrey.com, shopjustice.com, lanebryant.com, maurices.com, dressbarn.com, and catherines.com. The company was formerly known as Dress Barn, Inc. and changed its name to Ascena Retail Group, Inc. in January 2011. Ascena Retail Group, Inc. was founded in 1962 and is based in Mahwah, New Jersey.

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