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Last up on our list of active names is handbag maker
Vera Bradley (
VRA), a stock that's been slowly selling off over the course of 2013. Today's 10.7% decline on poor guidance numbers is helping to accelerate that downtrend in VRA. Vera Bradley hit its earnings for the first quarter, earning 23 cents per share versus analyst estimates of 21 cents. But VRA guided lower for both second quarter and fiscal year earnings numbers, a fact that's spooked investors who've already been pretty beaten down over the course of the year.
Today's double-digit decline in VRA is ugly, but at least it puts shares back down at $20 support. If VRA can still catch a bid at that $20 level, I'd expect to see some semblance of a correction in the next week as buyers step up to the plate. If you decide to be a buyer here at support, I'd suggest keeping a tight stop in place just above $19.
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-- Written by Jonas Elmerraji in Baltimore.