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Bearish Moving Average Cross by Signet Jewelers (SIG)

By David Diaz

Signet Jewelers (NYSE:SIG) shares have crossed bearishly below their 10-day moving average of $26.89 on a volume of 101K 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, shares of Signet Jewelers have traded between a low of $23.61 and a high of $71.07 and are now at $26.67, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.49% lower and 1.36% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Signet Jewelers and will alert subscribers who have SIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses signet jewelers

Ticker(s): SIG