Vera Bradley

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $21.50
Nearest Support: $20
Catalyst: Guidance Miss

>>5 Hated Earnings Stocks That Deserve Your Love

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.

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.

-- Written by Jonas Elmerraji in Baltimore.

RELATED LINKS:



Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji

If you liked this article you might like

Hurricane Irma, Trump and ECB - 5 Things You Must Know Before the Market Opens

Congress Is Back in Session and Tax Reform Is Top of Mind - Week Ahead

These Stocks Have Changed Direction

Amazon's Plan to Swallow Whole Foods to Foment More Destruction, More Scrutiny