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Bullish Moving Average Cross by G-III Apparel (GIII)

By Amy Schwartz

Today, shares of G-III Apparel (NASDAQ:GIII) have advanced above their 10-day MA of $37.20 on a volume of 191K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

G-III Apparel share prices have moved between a 52-week high of $73.93 and a 52-week low of $36.14 and are now trading 4% above that low price at $37.58 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of G-III Apparel on May 11th, 2016 by issuing a Downtrend alert when the shares were trading at $40.19. Since that call, shares of G-III Apparel have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses g-iii apparel

Ticker(s): GIII