Aeropostale: Trending Higher

I just wanted to take two seconds in what was a bloodbath of a day [Monday] and point out a chart that is trending higher. Surprisingly enough, it comes from the consumer discretionary sector: Aeropostale (ARO).

While ARO might be one of the few discretionary retailers who are actually performing well in this environment, there are plenty of names that are not doing so well. So, set up a pairs trade or just play the channel straight up - your choice.

The chart really speaks for itself. Stop out on a downside break of the channel.

click to enlarge

Disclosure: None