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Bearish Moving Average Cross by Fossil (FOSL)

By James Quinn

Today, shares of Fossil (NASDAQ:FOSL) have crossed bearishly below their 10-day moving average of $31.43 on a volume of 140K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Fossil share prices have moved between a 52-week high of $86.50 and a 52-week low of $26.03 and are now trading 20% above that low price at $31.27 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fossil on March 29th, 2016 by issuing a Downtrend alert when the shares were trading at $43.18. Since that call, shares of Fossil have fallen 26.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses fossil

Ticker(s): FOSL