Express (EXPR) is a low-priced apparel and accessories retailer whose stock could stay in the discount bin a while longer, in my opinion. Shoppers should make up their own mind what looks good on them and investors should decide on what fits in their portfolio. Let's look at the charts and see what fits.
In this daily bar chart of EXPR, below, we can see that prices had a big rally in late 2017 and it was quickly given back in early 2018. The low in February is still higher than the low in October and the low in August so the overall price action is positive. The shorter 50-day moving average line just crossed below the still declining 200-day average for a bearish dead cross. The daily On-Balance-Volume (OBV) line shows a rising trend from June but has been more neutral the past two months. The trend-following Moving Average Convergence Divergence (MACD) oscillator is close to crossing above the zero line for a bullish signal -- it just depends on the price action going forward.
In this weekly bar chart of EXPR, below, we can see a big decline from around $21 on the stock to below $6. This kind of large percentage decline typically needs a longer recovery or base building period before investors return to the long side. Prices have been trading back and forth around the still declining 40-week moving average line. The weekly OBV line showed a rise in late 2017 but has been weakening this year. The trend-following MACD oscillator is in a bearish configuration below the zero line. All in all not a strong chart picture.
In this Point and Figure chart of EXPR, below, we can see that a bearish price target has been reached but that does not mean that the downside is finished.
Bottom line -- a weak broad market could create the environment where EXPR retests the $6.50 to $6.00 area in the months ahead. No bargains here yet.