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Dillard's Bearish Moving Average Crossover Alert (DDS)

By James Quinn

Today, shares of Dillard's (NYSE:DDS) have crossed bearishly below their 10-day moving average of $55.98 on a volume of 1.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Dillard's share prices have moved between a 52-week high of $133.92 and a 52-week low of $46.56 and are now trading 11% above that low price at $51.54 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.6%.

SmarTrend recommended that subscribers consider buying shares of Dillard's on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.92. Since that recommendation, shares of Dillard's have risen 9.4%. We continue to monitor DDS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dillard's

Ticker(s): DDS