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Bullish Moving Average Cross by Fossil (FOSL)

By Shiri Gupta

Fossil (NASDAQ:FOSL) crossed over its 10-day moving average of $27.48 on a volume of 115K 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.

Fossil share prices have moved between a 52-week high of $86.50 and a 52-week low of $26.03 and are now trading 6% above that low price at $27.59 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fossil on March 29th, 2016 by issuing a Downtrend alert when the shares were trading at $43.18. Since that call, shares of Fossil have fallen 37.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses fossil

Ticker(s): FOSL