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Bullish Moving Average Cross by Charming Shoppes (CHRS)

By David Diaz

Charming Shoppes (AMEX:CHRS) crossed over its 10-day moving average of $30.42 on a volume of 238K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Charming Shoppes share prices have been bracketed by a low of $12.04 and a high of $38.10 and are now at $30.60, 154% 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 recommended that subscribers consider buying shares of Charming Shoppes on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.83. Since that recommendation, shares of Charming Shoppes have risen 52.4%. We continue to monitor CHRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:chrs charming shoppes

Ticker(s): CHRS