DSW Inc. (DSW) Moves Into Bearish Mode

DSW Inc. (NYSE: DSW) slipped 8.8% to $26.83, after sinking as much as 13% earlier in the morning on Tuesday. The footwear retailer chain store DSW Inc. (DSW) having over 300 stores spread over 39 states posted Q4 profit of 30 cents a share, which marginally missed the average analysts’ estimates for Q4.

DSW Inc. (DSW) started the session with a wide gap-down opening following its Q4 earnings. DSW Inc. (DSW) has already breached below its 20 day MA and 50 day MA in first half of Tuesday’s session, to confirm signs of bearish movement on charts.