Schaeffer's Upon Further Review Highlights the Following Stocks: Chico's FAS, Coach,...

CINCINNATI -- Today's "Upon Further Review" from Schaeffer's Investment Research focuses on Chico's FAS (NYSE:CHS), Coach (NYSE:COH), Ford Motor (NYSE:F), Patterson Companies (NASDAQ:PDCO), and Williams-Sonoma (NYSE:WSM). "Upon Further Review" is a report that

analyzes newsworthy stocks that are generating a lot of attention on Wall Street. "Upon Further Review" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. E[acute accent]Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap, and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PRSC12M&PAGE=1 .

E[acute accent]Upon Further Review:

E[acute accent]Chico's FAS: Citing weaker-than-expected same-store sales for August and a disappointing same-store sales picture overall, women's apparel retailer Chico's FAS (NYSE:CHS) lowered its earnings guidance for the next four quarters. Adding insult to injury, a quartet of brokerage houses downgraded the stock this morning. CHS has shed one-quarter of its value today and is trading at a new annual low. The shares are nearing the potential support of their 80-month moving average, a trendline the stock has never breached. Short interest on CHS has been dropping dramatically for many months, declining 72 percent in the past two years and essentially reducing short-covering strength the stock once enjoyed. E[acute accent]Click the following link to see the monthly chart of Chico's FAS since September 2001 with 80-month moving average: http://www.schaeffersresearch.com/wire?ID=17205 .

E[acute accent]Coach: Coach (NYSE:COH) is not responding well to criticism today, dipping nearly five percent after Piper Jaffray reduced its rating on the shares to "market perform." A short-lived rally in the shares recently petered out at the stock's descending 160-day moving average, which is now effectively acting as a ceiling against short-term upside in the security. A longer-term view of the shares reveals they have been sandwiched between their 80-week and 160-week moving averages since mid-May. E[acute accent]Click the following link to see a daily chart of Coach since April 2006 with 160-day moving average: http://www.schaeffersresearch.com/wire?ID=17205 .

E[acute accent]Ford Motor: Ford Motor (NYSE:F) is making waves across the newswires today after today's "USA Today" reported that the American automaker is considering taking itself private, while "The New York Times" suggested that F could be looking for alliance partners. As I mentioned on Monday (http://www.schaeffersresearch.com/commentary/ observations.aspx?ID=17177)(Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists), the 7.50 level is significant from an options-related perspective; the September series is now home to more than 86,000 open positions. The level is also home to the stock's 160-day moving average. What's more, the 50-percent retracement zone between the equity's January peak and July nadir? Right at 7.51. The shares are currently consolidating around this level, which holds triple-barreled significance. E[acute accent]Click the following link to see a daily chart of Ford Motor since January 2006 with 160-day moving average: http://www.schaeffersresearch.com/wire?ID=17205 .

E[acute accent]Patterson Companies: Patterson Companies (NASDAQ:PDCO) is a major manufacturer of supplies used in the wild world of dentistry. The company's fiscal first-quarter earnings dropped to 30 cents per share, a penny below year-ago results, although revenue rose 10 percent. Excluding items, the firm would have banked per-share results of 31 cents, a penny shy of Wall Street's consensus view. This negative earnings surprise catalyzed a drop of nearly 10 percent in the stock today. PDCO has tagged a new annual low today, but thanks to years of market outperformance, the shares continue to linger above their 80-month moving average. Bearing down from overhead is the 35 level, which served as the lower rail of a short-term trading range during the latter half of 2004 but has acted as resistance since last December. Coincidentally or no, the 35.83 mark represents a 50-percent correction between the equity's April 2003 low and its May 2005 peak. E[acute accent]Click the following link to see the monthly chart of Patterson Companies since March 2003 with 80-month moving average: http://www.schaeffersresearch.com/wire?ID=17205 .

E[acute accent]Williams-Sonoma: A brokerage downgrade from Prudential in response to disappointing earnings news has sent Williams-Sonoma (NYSE:WSM) shares spiraling lower today. The specialty retailer lowered its 2006 revenue and earnings outlooks, citing weakness at its Pottery Barn chain. Like both CHS and PDCO, WSM has fallen to a new annual low but continues to tread water above its 80-month trendline. The last time the stock endured a monthly close beneath this moving average was in September 2001. E[acute accent]Click the following link to see the monthly chart of Williams-Sonoma since April 2001 with 80-month moving average: http://www.schaeffersresearch.com/wire?ID=17205 .

E[acute accent]The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PRSC12M&PAGE=1 .

E[acute accent]About Schaeffer's Investment Research (www.SchaeffersResearch.com)

E[acute accent]Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method .