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Bearish Moving Average Cross by Oxford Inds Inc (OXM)

By David Diaz

Today, shares of Oxford Inds Inc (NYSE:OXM) have crossed bearishly below their 10-day moving average of $88.84 on a volume of 240K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Oxford Inds Inc share prices have been bracketed by a low of $57.36 and a high of $93.47 and are now at $87.87, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Oxford Inds Inc on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.76. Since that recommendation, shares of Oxford Inds Inc have risen 17.5%. We continue to monitor OXM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oxford inds inc

Ticker(s): OXM