Barnes & Noble Crosses Below its 10-day MA (BKS)
Barnes & Noble (NYSE:BKS) shares have crossed bearishly below their 10-day moving average of $11.16 on a volume of 193K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Barnes & Noble have traded between a low of $7.25 and a high of $19.00 and are now at $11.01, which is 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 1.2%.
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 13.2%. 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