01.01.70

Steven Madden (NASDAQ:SHOO) is one of today's notable stocks on the rise, up 7.2% to $33.76. The S&P is currently trading 2.9% higher to 1,192 and the Dow Jones Industrial Average is trading 2.5% higher to 11,517.

Steven Madden has overhead space with shares priced $33.76, or 26.1% below the average consensus analyst price target of $45.67. The stock should find initial resistance at its 50-day moving average (MA) of $34.11 and further resistance at its 200-day MA of $34.18.

In the past 52 weeks, shares of Steven Madden have traded between a low of $24.83 and a high of $41.42 and are now at $33.76, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

Steven Madden, Ltd. designs and markets fashion footwear for women. The Company's shoes are sold through Steve Madden retail stores, department stores, apparel and footwear specialty stores, and online. Steven Madden has licensees, including sportswear and jeans, outerwear, intimate apparel, eyewear, hosiery, and jewelry, and owns and operates a retail store under its David Aaron brand.

Source: Financial News Network Online

by Erin

So I moved from a place this summer where there were 3 Wal-marts within 15 minutes of my house. I can’t even count how many would be within a 45 minute commute. I was near 4 major malls and within 15 to 30 minutes of 2 major cities. That is, of course, without traffic — which there wasn’t a time of day that didn’t have traffic or construction mucking it all up.

I moved to a place where the closest Wal-mart is 45 minutes away. Same with the closest suburban area, not to mention major city. We don’t even have a movie theater in our town. This really changes the way you shop, the way you calculate what is “close by” and how much gas you use in a week. I am happier than ever that hubby has a Prius for his 2 hour 1-way commute. I really need something 4wheel drive that can tow but that is a topic for another post.

It isn’t just the distance, or the availability of many major shops that is different for me. It’s also what is available at those shops that is so very different. Wal-mart here sells overalls, and insulated coveralls and everyone wears camo for hunting. There are muckboots in the shoe section and not just one shelf of canning supplies, but a whole row of shelves devoted to it all year, not just in late summer. So this is a huge change from my sequins and rhinestones previous life where 50% of the females you saw walking in the mall had a Coach bag even if they were only 11 years old....

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by Benjamin Leete

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