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Express Bearish Moving Average Crossover Alert (EXPR)

By Shiri Gupta

Express (NYSE:EXPR) crossed under its 10-day moving average of $7.79 on a volume of 418K 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, Express share prices have been bracketed by a low of $7.43 and a high of $21.57 and are now at $7.69, 3% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.33% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Express on December 1st, 2016 by issuing a Downtrend alert when the shares were trading at $11.05. Since that call, shares of Express have fallen 27.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses express

Ticker(s): EXPR