Bullish Moving Average Cross by Barnes & Noble (BKS)
Today, shares of Barnes & Noble (NYSE:BKS) have advanced above their 10-day MA of $18.48 on a volume of 6.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Barnes & Noble has traded in a range of $11.17 to $22.79 and is now at $21.03, 88% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.
SmarTrend recommended that subscribers consider buying shares of Barnes & Noble on October 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.68. Since that recommendation, shares of Barnes & Noble have risen 13.4%. We continue to monitor BKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Barnes & Noble