Chico’s FAS, Inc. CHS Stock Analysis

Chico’s FAS, Inc. stock trades under the ticker CHS & closed at $3.23/share on 5/3/2021.

CHS stock has recently experienced a bullish MACD crossover, as well as a bullish 10 & 50 Day Moving-Average crossover, making it worth taking a closer look at from a short-term trade perspective.

Chico's FAS, Inc. CHS Stock Technical Performance For The Last Year

CHS Stock Price: $3.23

10 Day Moving-Average: $3.00

50 Day Moving-Average: $3.09

200 Day Moving-Average: $1.93

RSI: 56

With CHS stock’s 50 Day Moving-Average just 3% shy of its 10 Day MA, there looks to be more gas in the tank for their price to continue rising.

CHS’s current resistance level is <1% higher than the share price today ($3.25), giving it more room to run in the near-to-mid term.

Chico’s FAS, Inc.’s stock also has options for traders to capitalize on.

The $3 CHS call options look to be the most appealing, as the next highest strike price is $4, which requires another 23%+ price increase in order to become in-the-money.

From a puts perspective, the $4 strike price seems optimal, as it would require a 7%+ drop in share price for CHS stock to be in-the-money.

I’ll be looking at the options outlined above this week, as it appears that CHS stock has a lot of opportunity for short & mid-term traders.

For the mid-term traders & longer-term investors, Chico’s FAS Inc. offers a 3% annual dividend yield, an added bonus that makes their stock even more appealing.


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