Bullish Moving Average Cross by Barnes & Noble (BKS)
Today, shares of Barnes & Noble (NYSE:BKS) have crossed bullishly above their 10-day moving average of $21.47 on a volume of 224K 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.
In the past 52 weeks, shares of Barnes & Noble have traded between a low of $12.59 and a high of $23.56 and are now at $21.84, which is 73% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Barnes & Noble on May 27th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.82. Since that recommendation, shares of Barnes & Noble have risen 18.9%. 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