Bearish Moving Average Cross by Brown Shoe (BWS)
Brown Shoe (NYSE:BWS) shares have crossed bearishly below their 10-day moving average of $18.76 on a volume of 201K 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.
Over the past year, Brown Shoe has traded in a range of $8.20 to $19.64 and is now at $18.64, 127% above that low. The 200-day and 50-day moving averages have moved 1.05% higher and 1.21% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Brown Shoe and will alert subscribers who have BWS in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses brown shoe