New York & Co Inc (NWY) – ($5.55) has been downgraded to Sell from Hold according to ValuEngine with fair value at $4.99, which makes the stock 11.2% overvalued. The one-year price target is $4.93. ValuEngine Profile – “New York & Company, Inc. is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores.”

Analysis – The daily chart for NWY shows overbought momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $4.85, $4.49 and $3.96. My semiannual value level is $4.97 with a weekly pivot at $5.32 and the recent high at $5.86.

Courtesy of Thomson / Reuters

If you have any questions, please contact me at Rsuttmeier@gmail.com.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.