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Bullish Moving Average Cross by Barnes & Noble (BKS)

By Amy Schwartz

Today, shares of Barnes & Noble (NYSE:BKS) have advanced above their 10-day MA of $8.83 on a volume of 624K 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 $7.25 to $19.00 and is now at $9.33, 29% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Barnes & Noble on December 29th, 2016 by issuing a Downtrend alert when the shares were trading at $11.68. Since that call, shares of Barnes & Noble have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Barnes & Noble

Ticker(s): BKS