The upward trend could spur the stock "Express" in coming trading sessions.
According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.5 times its sales. In addition, analysts have been revising upward their earnings estimates and nowadays expect a profit of USD 1.62 per share for the current year.
Technically, the uptrend in the medium and long-term should cover the equity of a major downtrend. In the short-term, a decline could lead the share near the USD 18.3 support. Therefore, if a technical rebound takes place the target would be fixed near the USD 20.15 short-term resistance.
The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy Express. The target will be set at USD 20.15. The stop loss will be triggered below the USD 18.3.
Express, Inc. is a multi-brand fashion retailer. The Companyâs business includes an omnichannel operating platform, physical and online stores, and a multi-brand portfolio that includes Express and Bonobos. The Company operates approximately 435 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, the Express.com online store and the Express mobile app; and approximately 60 Bonobos Guideshop locations and the Bonobos.com online store. It sells its products through its online store, www.express.com, its mobile app, as well as through franchisees who operate Express locations in Latin America. It also sells gift cards in its stores, on its e-commerce Website, and through third parties. It utilizes two facilities for the distribution of its products, both of which are owned and operated by third parties. Virtually all the merchandise sold in its stores and on its Website is received and processed at a central distribution facility in Columbus, Ohio.
EXPRESS, INC. 
