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Bearish Moving Average Cross by 1-800-Flowers-A (FLWS)

By David Diaz

Today, shares of 1-800-Flowers-A (NASDAQ:FLWS) have crossed bearishly below their 10-day moving average of $18.65 on a volume of 638K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

1-800-Flowers-A share prices have moved between a 52-week high of $21.77 and a 52-week low of $10.01 and are now trading 72% above that low price at $17.24 per share. The 200-day and 50-day moving averages have moved 0.65% higher and 0.05% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of 1-800-Flowers-A on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.16. Since that recommendation, shares of 1-800-Flowers-A have risen 47.1%. 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-a

Ticker(s): FLWS