In last evening’s Forecast Report, Aeropostale (ARO) signaled a potential open near 30.40 to 30.50. Buying was steady in evening trading 30.30 to 30.45, a potential floor support that presented a possible entry point for longs.
When pre-market trading kicked off early Tuesday, ARO opened at 30.31, just below our mark but right on our buy target. A buy there, the pre-market low, as measured to the pre-market high of 30.60, is up 1%. A buy there, as measured up to the regular session high of 31.50, is 3.9% in the black.
