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Bearish Moving Average Cross by Burlington Store (BURL)

By David Diaz

Today, shares of Burlington Store (NYSE:BURL) have fallen below their 10-day MA of $85.79 on a volume of 118K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Burlington Store share prices have moved between a 52-week high of $104.07 and a 52-week low of $60.62 and are now trading 41% above that low price at $85.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Burlington Store. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Burlington Store in search of a potential trend change.

Keywords: moving crosses burlington store

Ticker(s): BURL