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Bearish Moving Average Cross by Fossil Group Inc (FOSL)

By David Diaz

Fossil Group Inc (NASDAQ:FOSL) shares have crossed bearishly below their 10-day moving average of $14.84 on a volume of 271K 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.

Fossil Group Inc share prices have moved between a 52-week high of $36.87 and a 52-week low of $5.50 and are now trading 167% above that low price at $14.69 per share. The 200-day and 50-day moving averages have moved 1.24% lower and 0.99% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fossil Group Inc on February 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.71. Since that recommendation, shares of Fossil Group Inc have risen 73.0%. We continue to monitor FOSL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fossil group inc

Ticker(s): FOSL