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Conn's Crosses Above its 10-day MA (CONN)

By Nick Russo

Conn's (NASDAQ:CONN) shares have crossed bullishly above their 10-day moving average of $8.39 on a volume of 314K 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.

Over the past year, Conn's has traded in a range of $7.60 to $43.95 and is now at $8.52, 12% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has declined 2.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Conn's on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $11.84. Since that call, shares of Conn's have fallen 32.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses conn's

Ticker(s): CONN