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Barnes & Noble Crosses Above its 10-day MA (BKS)

By James Quinn

Today, shares of Barnes & Noble (NYSE:BKS) have advanced above their 10-day MA of $11.04 on a volume of 223K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Barnes & Noble share prices have been bracketed by a low of $7.25 and a high of $19.00 and are now at $11.19, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Barnes & Noble on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.97. Since that recommendation, shares of Barnes & Noble have risen 8.7%. We continue to monitor BKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Barnes & Noble

Ticker(s): BKS