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BUZZ-SuperGroup: profit warning

Fri, 31st Oct 2014 09:51

** UK fashion retailer SuperGroup slides to 4-1/2month lows on a profit warning.

** Becomes latest retailer to see demand for winter clothingcrimped by unusually warm autumn; Next cut its profitforecasts earlier in the week.

** SuperGroup down 8.3 pct, top FTSE 250 faller bysome margin; extends losses since an early September intra-daypeak to about 35 pct.

** Forecasts have been under pressure. In the past 30 days,3 of 9 analysts have lowered their EPS estimates for SuperGroup,with an average cut of 1.6 pct, StarMine shows.

** Stock well into "oversold" territory; 14-day RSI at 7.7. (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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