Tuesday, August 19, 2014

Elizabeth Arden, Inc. Is Going Here: Major Support

Elizabeth Arden, Inc. (NASDAQ:RDEN) is taking a beating today after announcing weak quarterly results. The stock is down a whopping 24%. Many investors are wondering where it will find support. The level is $14.00. Please note the monthly chart below showing this major support level.

Gareth Soloway
Chief Market Strategist