True Religion Apparel
True Religion Apparel (TRLG) designs, markets, sells and distributes premium fashion apparel, centered on its core denim products using the brand name True Religion Brand Jeans. This stock is trading up 5.9% at $29.54 in recent trading.
Today's Volume: 1.2 millionAverage Volume: 556,992 Volume % Change: 291% >>7 Hot Stocks on Traders' Radars Shares of TRLG are moving notably higher today after the company said first quarter net income jumped 16% as it opened new stores and sales at its established stores improved. The company also announced a dividend and authorized a $30 million share repurchase program. From a technical perspective, TRLG is ripping higher here and is now trading right beneath its 200-day moving average of $30.69 on monster volume. This move has pushed the stock well into its mid-February gap-down from over $36 to around $29. Traders should now look for long-biased trades if TRLG can manage to sustain a move or close back above its 200-day with high-volume. Look for volume on that move that's near or well above 556,992 shares. If we get that action, then I expect TRLG to continue to fill that gap and possibly get back to $36. Keep in mind that it's important for TRLG to maintain a trend above its 200-day with strong upside volume flows, to raise the probability of filling the rest of the gap.
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