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

By David Diaz

G-III Apparel (NASDAQ:GIII) shares have crossed bullishly above their 10-day moving average of $20.34 on a volume of 4.7 million 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, G-III Apparel has traded in a range of $18.00 to $73.93 and is now at $24.40, 36% above that low. Over the last five market days, 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 16th, 2017 by issuing a Downtrend alert when the shares were trading at $20.53. Since that call, shares of G-III Apparel have fallen 3.1%. 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