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Bullish Moving Average Cross by Oxford Industries (OXM)

By Shiri Gupta

Oxford Industries (NYSE:OXM) shares have crossed bullishly above their 10-day moving average of $64.31 on a volume of 561K 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, shares of Oxford Industries have traded between a low of $52.54 and a high of $91.24 and are now at $71.33, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.7%.

SmarTrend recommended that subscribers consider buying shares of Oxford Industries on August 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.96. Since that recommendation, shares of Oxford Industries have risen 4.1%. We continue to monitor OXM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oxford industries

Ticker(s): OXM