Approaching a High Traffic Area on The Chart

NYSE:CHS   Chico's FAS, Inc
The CHS stock chart is at a level where we saw some high traffic a while back. This has previously been a level of support, now apparent resistance. But can the reopening momentum act as an afterburner for the penny stock?

Chico’s FAS is another apparel retailer owning popular niche brands like Chico’s, White House Black Market, and Soma Intimates. It, too, has taken up a larger focus on digital sales. In its latest quarterly filing, Soma, for instance, saw its highest sales in the history of the brand. Comparable sales were also up over 15%, and it was driven by an uptick (over 68%) in digital sales. What’s more, total company Q4 and year-to-date digital sales increased almost 20%, according to Chico’s.

Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List


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