Long ANN

ANN has been the best retail perfomer YTD. Recently shares have been consolidating in the 41 to 44 range. Long at 41.87 for the following reasons:

1. Today's retracement to the 61% support on the short term Fibs
2. Shares seen bouncing off lower line of the upper channel
3. RSI winding down

Stop: 39.25 - just under current 50 day MA.