Chico's FAS is still well oriented and is going to new highs.

From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend.

Therefore, investors will benefit from the signal given by the crossing of the USD 19.3 resistance to take a long position in the stock. The objective will be set near USD 21.3. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.