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Bearish Moving Average Cross by Dillards Inc-A (DDS)

By Shiri Gupta

Today, shares of Dillards Inc-A (NYSE:DDS) have crossed bearishly below their 10-day moving average of $91.45 on a volume of 136K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Dillards Inc-A share prices have moved between a 52-week high of $98.06 and a 52-week low of $49.91 and are now trading 80% above that low price at $89.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Dillards Inc-A on May 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.39. Since that recommendation, shares of Dillards Inc-A have risen 22.2%. We continue to monitor DDS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dillards inc-a

Ticker(s): DDS