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DSW Bearish Moving Average Crossover Alert (DSW)

By Shiri Gupta

Today, shares of DSW (NYSE:DSW) have fallen below their 10-day MA of $25.37 on a volume of 4.6 million 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.

In the past 52 weeks, shares of DSW have traded between a low of $18.51 and a high of $36.92 and are now at $23.87, which is 29% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.5%.

SmarTrend recommended that subscribers consider buying shares of DSW on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.06. Since that recommendation, shares of DSW have risen 12.8%. We continue to monitor DSW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): DSW