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Bearish Moving Average Cross by Signet Jewelers (SIG)

By Shiri Gupta

Signet Jewelers (NYSE:SIG) shares have crossed bearishly below their 10-day moving average of $22.89 on a volume of 180K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Signet Jewelers share prices have moved between a 52-week high of $71.07 and a 52-week low of $21.64 and are now trading 4% above that low price at $22.42 per share. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 1%.

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