1-800-Flowers.com Bearish Moving Average Crossover Alert (FLWS)
Today, shares of 1-800-Flowers.com (NASDAQ:FLWS) have fallen below their 10-day MA of $9.40 on a volume of 189K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, 1-800-Flowers.com share prices have been bracketed by a low of $6.11 and a high of $10.95 and are now at $9.14, 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.5%.
SmarTrend recommended that subscribers consider buying shares of 1-800-Flowers.com on June 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.36. Since that recommendation, shares of 1-800-Flowers.com have risen 15.0%. We continue to monitor FLWS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses 1-800-flowers.com