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Bearish Moving Average Cross by Signet Jewelers (SIG)

By Amy Schwartz

Signet Jewelers (NYSE:SIG) shares have crossed bearishly below their 10-day moving average of $16.40 on a volume of 264K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Signet Jewelers has traded in a range of $10.40 to $62.26 and is now at $15.80, 52% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 2.0%.

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