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Bullish Moving Average Cross by Charming Shoppes (CHRS)

By James Quinn

Today, shares of Charming Shoppes (AMEX:CHRS) have advanced above their 10-day MA of $21.08 on a volume of 200K 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 Charming Shoppes have traded between a low of $12.04 and a high of $38.10 and are now at $22.15, which is 84% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 2.0%.

SmarTrend is monitoring the recent change of momentum in Charming Shoppes. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Charming Shoppes in search of a potential trend change.

Keywords: moving crosses amex:chrs charming shoppes

Ticker(s): CHRS