Potential upside of 37.6% for Jones Apparel

Jones Apparel was the best stock in Apparel, Accessories

& Luxury industry, as ranked by performance by FNNO. As Jones Apparel´s shares are clearly outpeforming its peers, buyers were acumulating shares of the retailer, which has recently seen an up of 2.1%.

Jones Apparel (NYSE:JNY), a company whose shares are moving quickly, is trading 2.1% higher to $10.54. At the same time, the Dow is up 0.8% to 12,250 and the S&P is currently up 0.8% to 1,260, reported from Financial News Network Online (FNNO).

"There is potential upside of 37.6% for shares of Jones Apparel based on a current price of $10.54 and an average consensus analyst price target of $14.50. The stock should find initial resistance at its 50-day moving average (MA) of $10.79 and further resistance at its 200-day MA of $11.40," they highlighted.

Jones Apparel (NYSE:JNY) ranks first by performance with a gain of 8.39%; Liz Claiborne (NYSE:LIZ) ranks second with a gain of 5.38%; and Under Armour (NYSE:UA) ranks third with a gain of 3.68%. Fossil (NASDAQ:FOSL) follows with a gain of 3.58% and Polo Ralph Lauren (NYSE:RL) rounds out the top five with a gain of 2.45%.

This stock also holds the 4th position in the ranking compiled by China Analyst which gathers the stocks with highest short interest as a percentage of total shares outstanding. ( they have excluded those stocks with very low market caps). Significant Short Covering can cause these stocks to rise sharply, they explain. "Its short interest is 12.7% of its total shares outstanding. Its Days to Cover is 5.25, calculated as current short interest divided by average daily volume."

Jones Apparel Group, Inc. designs, markets, and wholesales a variety of branded apparel, footwear, and accessories including sportswear, jeanswear, suits, dresses, and footwear. The Company also markets directly to consumers through a chain of specialty retail and value-based stores.