G-III Apparel Group
G-III Apparel Group (GIII - Get Report) designs, manufactures and markets a range of outerwear, women's sportswear and dresses, including coats, jackets, pants, women's suits and women's performance wear. This stock is trading up 3.6% at $18.01 in recent trading
Today's Volume: 172,000Average Volume: 290,414 Volume % Change: 74% This stock is catching a bid today as investors swoop in to own shares in front of their quarterly earnings report which is slated for next week. From a technical standpoint, this stock looks like it is forming a bottom and is attracting some value investors since shares of GIII have been so beaten down in the last few months. This stock has dropped from its July high near $40, to a recent low of $17.31. This huge plunge has created an oversold condition, since the relative strength index (RSI) reading is now 27. Any RSI reading of 30 or below is considered oversold. >>4 Beaten-Down Stocks Poised for Rebounds Oversold can stay oversold for a long time, but since we're seeing some high-volume buying move into the stock today, then GIII could be hitting a bottom. Traders should look to play the next major breakout for GIII, which will trigger once this stock moves above $19 on volume that's close to or greater than 290, 414 shares.