Charts: Apparel stores

The weakness in the industry led me to drill down to several weak stocks within the industry:

GCO lost more than 20 pts in one day.  If you look at the weekly chart you will see that it has punched through the $50 support that extended back to 2011.

SCVL broke the $28 support leaving an island top formation behind.  In fact distribution started right at the island top.

There are also some strong stocks within the industry.  I believe strong stocks in a weak industry could be very bullish.  I will monitor for low volume pull back to support levels for entering.

TLYS broke out from its base at $6ish and its resistance around $8.7 all within August.  The accumulation in the couple of weeks before breakout and after breakout looks very appealing.  It's very bullish, yet overbought.

The appealing aspect about CTRN from a trading point of view includes:

1. Strong breakout from a 3 mths + base.
2. Breaking out price resistance at around $19.5 and 200 sma.
3. Low volume consolidation around support level.
4. Long tail hammer printed over price support and 200 sma.

I will probably enter a long position when Market opens.  Risk point is 200 sma ($18.3).