News

Zale Corp (ZLC) – ($5.41) has recently been upgraded to a Buy rating according to ValuEngine with fair value at $9.06, which makes the stock 40.3% undervalued. The one-year price target is $5.69. ValuEngine Profile – “Zale Corporation is a specialty retailer of fine jewelry. The company operates under four brand names: Zales Jewelers, Gordon's Jewelers, Bailey Banks & Biddle Fine Jewelers, and Peoples Jewellers. Zales Jewelers provides traditional, moderately priced jewelry. Gordon's Jewelers offers contemporary merchandise targeted to regional preferences. Bailey Banks & Biddle Fine Jewelers operates upscale jewelry stores which are considered among the finest jewelry stores in their markets. Peoples Jewellers offers traditional moderately priced jewelry to customers across Canada.”

Analysis – The daily chart for Zale shows declining momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $4.67, $4.35 and $4.98. My weekly value level is $4.77 with a monthly risky level at $7.16.

Courtesy of Thomson / Reuters

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