Express Inc. a new Breakout

The market is still showing signs of life. Despite the technical deterioration experienced on Tuesday, yesterday returned to climb. Chances are that in the next days, we see the three main indices, facing resistance level established by the Simple Moving Average 50 days. If can break these level, we would face a more severe correction. Otherwise, we will see a market resuming its upward path.
Yesterday, we experienced a surprising phenomenon. A large number of stocks, price went up significantly. Most of them, took the form of one day reversal. But others, generated some interesting breaks. 5 steps to gain 67% per year with breakouts. One such is the case of Express Inc. (EXPR). This stock closed at US$ 25.43, experiencing a price increase of 4.31%. Its volume was 2 Millions of shares, more than double of what is traded daily. Express Inc has a Market Cap. of 2.26 Billions, a P/E of 17.52 and EPS of 1.45. This company has 88.91 Millions of shares, of which 98% is owned by institutional investors. Express Inc. has made this break, after such a consolidation period of 10 months. Occasionally, when a stock makes a break after such long period, the rise that originates is very significant.

Express, Inc. operates specialty retail stores in the United States. The company’s stores offer apparel and accessories for women and men between 20 and 30 years old across various aspects of the lifestyles comprising work, casual, jeanswear, and going-out occasions. It also sells gift cards. As of November 30, 2011, the company operated 607 retail stores located primarily in high-traffic shopping malls, lifestyle centers, and street locations in the United States, Canada, and Puerto Rico. In addition, it operates seven Express stores in Saudi Arabia, Kuwait, and the United Arab Emirates through its Development Agreement with Alshaya Trading Co.; and sells its products through e-commerce Website, express.com. The company was formerly known as Express Parent LLC and changed its name to Express, Inc. in May 2010. Express, Inc. was founded in 1980 and is headquartered in Columbus, Ohio.