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I recently received a request to determine a  potential price target for Aeropostale (ARO), which closed near its all time high on Friday.  Given that there are no obvious resistance levels for stocks at its all time highs, we shall use the Fibonacci Extension model to determine a price target for ARO. Stock technical analysis of the ARO chart below show that the low (A), high (B), and suppor...

Aeropostale, Inc., (ARO) is a mall-based specialty retailer of casual apparel and accessories. After reporting solid earnings last week, ARO stocks rocketed above its $38 resistance last Friday, with volume at about 3 times above its 3-month average daily volume. Prior to this break of resistance, the stock has been consolidating for over 3 months. The break above the $38 resistance appears genuin...