Consider Making It a Chico's Day

I admit it. Off and on since the middle of 2012, Chico's (CHS) has been a favorite of mine -- as a shorting candidate. But when I clicked on the women's specialty retailer this week, I was pleasantly surprised. For the first time in some months (excluding its quick run-up this May), Chico's looks appealing to me -- as a buying candidate. The stock appears ready to break out of its current trading range between $15.25 and $17.50.

Chico's FAS was founded in 1983 as a boutique selling Mexican folk art and cotton sweaters from a store on Florida's Sanibel Island. For the curious, the "FAS" in Chico's name stands for "Folk Art Specialties." Today, Chico's primarily sells private branded clothing to fashion-savvy women. It operates from 1,250 boutiques and outlets in the U.S., Puerto Rico, U.S. Virgin Islands, and Canada, which include Chico's, White House/Black Market, Soma Intimates and Boston Proper (an online and catalogue-based retailer)....377 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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