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Burlington Store Crosses Below its 10-day MA (BURL)

By Shiri Gupta

Today, shares of Burlington Store (NYSE:BURL) have crossed bearishly below their 10-day moving average of $138.83 on a volume of 198K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Burlington Store has traded in a range of $60.62 to $142.23 and is now at $137.84, 127% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Burlington Store on March 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $128.53. Since that recommendation, shares of Burlington Store have risen 9.2%. We continue to monitor BURL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses burlington store

Ticker(s): BURL