Aeropostale Inc. (ARO) All Set For A Higher Top

Aeropostale Inc. ARO rose 5.4% by mid-day trading to $28.96 after climbing even higher in the early morning trading. The teen clothing retailer Aeropostale Inc. (ARO) reported a Q1 profit excluding some items of 48 cents a share, compared to the analysts’ estimate of 46 cents per share. Aeropostale Inc. (ARO) has breached above its 50 day MA and 20 day MA in the same session following the gap-up opening. The stock is all set to face next resistance around $31.88, from where its daily charts started showing a reversal in April.