• Return to Headlines

Bearish Moving Average Cross by Burlington Store (BURL)

By David Diaz

Burlington Store (NYSE:BURL) shares have crossed bearishly below their 10-day moving average of $150.37 on a volume of 122K 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.

In the past 52 weeks, Burlington Store share prices have been bracketed by a low of $79.07 and a high of $158.23 and are now at $148.35, 88% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Burlington Store on March 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.53. Since that recommendation, shares of Burlington Store have risen 17.2%. We continue to monitor BURL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses burlington store

Ticker(s): BURL