Aeropostale Inc. (ARO), has been butchered mercilessly by the Bears since 2010. The stock is down almost 75% from its high of $32.24 set on April 22nd, 2010. There are many reasons for this decline, most of which are directly or indirectly related to the reckless money printing by the central banks around the world.
Weak Economy + Inflation In Emerging Markets + Changing Tastes Among Young Demographic, etc…
It is important to note that ARO has lost money (Net Loss) over the past two quarters. Despite this, the prospects and the potential for a massive Short-Squeeze are pretty high on ARO.
What is important is that ARO just gave the strongest BUY signal, at the most important major multi-year support level, that any trader can wish for. This one is legitimate.
Here is a Daily chart of ARO:
At the very least, I’m looking at the $15 level on ARO. That’s an approx. 59% UPSIDE from ARO’s current price of $9.40
Price Target: $15
Wall Street Fool
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