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Bearish Moving Average Cross by Barnes & Noble (BKS)

By David Diaz

Barnes & Noble (NYSE:BKS) shares have crossed bearishly below their 10-day moving average of $13.00 on a volume of 933K 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.

Barnes & Noble share prices have moved between a 52-week high of $19.00 and a 52-week low of $7.25 and are now trading 62% above that low price at $11.78 per share. 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 34.3%. 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