PacSun just keeps breaking records it would seem. Today, they dropped to their lowest price in 52 weeks at $2.46, according to a story on Financial News Network. Their previous 52-week record, set six days ago on June 2, 2011, was $2.90.
Over the past year, Pacific Sunwear has traded in a range of $2.46 to $6.84 and are now at $2.50. The 200-day and 50-day moving averages have moved 0.49% lower and 1.09% lower over the past week, respectively.
The mall action fashion retailer still has a ways to go before they break their 10-year low of 93 cents set in January of 2009. Think they can do it?
[Link: Financial News Network]
I think its going to happen, I think tilleys and zumiez are kicking its butt.
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