Dillard's Inc. (DDS) was downgraded by TheStreet's Quant Ratings service Wednesday to a hold recommendation. While a hold recommendation is not a sell it is a downgrade and the direction can mean a lot.
Let's check out the charts of this retailer to see what might be "in store" for the price of the stock.
In the daily bar chart of DDS, below, we can see that prices have weakened since a spike up in November. Prices are below the declining 50-day moving average line and the declining 200-day moving average line.
The On-Balance-Volume (OBV) line looks neutral but the Moving Average Convergence Divergence (MACD) oscillator has slipped below the zero line for an outright sell signal.