Pre-Market Analysis on Michael Kors, Foot Locker, Abercrombie & Fitch, and ANN Inc.

LONDON, April 4, 2013 /PRNewswire/ --

Markets ended their Wednesday's session lower. The ADP National Employment Report showed lower-than-expected private sector hiring in March, to which the markets responded negatively. Political issues such as North Korea standoff also contributed towards the fall in stock market. All the major indices closed lower for the session. Our research team services sector including the movements of major companies like Michael Kors Holdings Ltd (NYSE: KORS), Foot Locker Inc. (NYSE: FL), Abercrombie & Fitch Co. (NYSE: ANF) and Ann Inc. (NYSE: ANN). StockCall has posted free technical research on KORS, FL, ANF, and ANN which can be downloaded upon sign up at

Michael Kors Holdings Ltd closed its latest trading session at $54.96, up 1.48 percent from its previous close. The stock traded in the range of $53.31 and $55.55 in the session and traded 5.38 million shares. It is likely to face its first resistance level at $55.04 and upon breaching this level the stock may go up to $56.22. On the downside, the company may tumble to $53.96 level. The stock trades at Price/Earnings ratio of 32.33. So far in 2013, it appreciated 11.75 percent whereas in the past 52 weeks, it gained 17.97 percent of its value. The stock is in a bullish mode. Sign up and read the complimentary report on KORS at

Foot Locker Inc.'s stock is up 4.43 percent on a YTD basis, despite its 1.60 percent decline in the previous trading session. The stock closed at $33.21 after trading in the range of $33.10 and $34.41. The stock shows a neutral streak and may touch $33.52 level. Its second resistance level is at $33.90. It traded 3.49 million shares during the session, up from its average trading volume of 3.09 million. The company gained 6.96 percent in the past 52 weeks while its gain for 2013 stood at 4.43 percent. It is currently trading below its short-term moving average price of $33.34 and long-term moving average price of $33.79, further confirming a neutral trend. The free report on FL can be downloaded by signing up now at

Abercrombie & Fitch Co.'s stock entered green territory for its YTD returns with 3.83 percent gain in Wednesday's trading session. The stock traded in the range of $45.31 and $47.66 and closed at $47.20. However, it traded higher-than-average number of shares at 2.76 million. The stock is in a bullish mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $49.41 and it may test the support level of $46.24 in the coming trading sessions. The stock is highly volatile as it commands the beta of 1.71. Free report on ANF can be accessed by registering at

Ann Inc. traded in the range of $28.62 and $29.17 in its latest trading session and ended the day at $28.90, up 0.73 percent. The stock's 52 weeks range stands at $23.93 and $39.78. Ann has gained 0.91 percent of its value in the past 12 months, while it lost 10.39 percent on a YTD basis. The company is in a bearish mode and may find its first support level at $27.24. It is trading below its 20-day moving average of $29.98, thus confirming the negative trend. Register with StockCall and download the research on ANN for free at

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