• Return to Headlines

Bearish Moving Average Cross by DSW (DSW)

By Amy Schwartz

Today, shares of DSW (NYSE:DSW) have crossed bearishly below their 10-day moving average of $21.63 on a volume of 5.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, DSWhas traded in a range of $19.08 to $36.92 and are now at $19.49. The 200-day and 50-day moving averages have moved 0.62% lower and 0.46% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of DSW on April 25th, 2016 by issuing a Downtrend alert when the shares were trading at $24.97. Since that call, shares of DSW have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): DSW