Charming Shoppes

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Charming Shoppes ( CHRS) is a multi-brand, specialty apparel retailer with a market share in women's plus-size specialty apparel. This stock is trading up 3.45% to $4.80 in recent trading, after it hit a 52-week high of $5 earlier today.

Today's Range: $4.70-$5.00

52-Week Range: $2.29-$5.00

Volume: 3.4 million

Three-Month Average Volume: 2.6 million

Charming Shoppes has a market cap of $551.20 million and an enterprise value of $526 million. This stock trades at a forward price-to-earnings of 21.50. Its estimated growth rate for this year is 121.9%, and for next year it's pegged at 214.3%. The current short interest as a percentage of the float for Charming Shoppes is very high at is 17.3%.

From a technical standpoint, CHRS is very close to triggering a major breakout if the stock can manage to sustain a high-volume move and close above some near-term overhead resistance at $4.91. At last check, the volume is very strong and is already trending above CHRS's average action.

Traders should now look for the stock to close above $4.91 and near the daily high of $5.00. If we get that action either today, or in the near future, then look for CHRS to trade back towards $6 to $7.

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