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Buckle Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Buckle (NYSE:BKE) traded today at a new 52-week low of $23.60. So far today approximately 89,000 shares have been exchanged, as compared to an average 30-day volume of 430,000 shares.

Over the past year, Bucklehas traded in a range of $23.60 to $47.36 and are now at $23.61. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.8%.

Potential upside of 38.4% exists for Buckle, based on a current level of $23.61 and analysts' average consensus price target of $32.67. Buckle shares should first meet resistance at the 50-day moving average (MA) of $31.42 and find additional resistance at the 200-day MA of $33.94.

The Buckle, Inc. retails medium to better priced casual apparel for young men and women. The Company currently operates retail stores in the United States under the Brass Buckle and The Buckle names. The Buckle markets a wide selection of mostly brand name casual apparel, including denims, tops, sportswear, outerwear, accessories, and shoes.

SmarTrend recommended that its subscribers protect gains by selling shares of Buckle on April 7th, 2016 by issuing a Downtrend alert when the shares were trading at $30.13. Since that call, shares of Buckle have fallen 19.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows buckle

Ticker(s): BKE