LIZ shares with a big drop
Tuesday, May 01, 2007
Shares of LIZ fell more than 17% to 37$ after the women's clothing retailer reported sharply lower quarterly profit that missed expectations and warned that 2007 earnings would miss estimates. Looking at the technical chart stock is now in a bad situation after have broken the support at 41.69$. So the overall enviroment is now in favor of Bears.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
