Express Crosses Below its 10-day MA (EXPR)
Express (NYSE:EXPR) shares have crossed bearishly below their 10-day moving average of $15.26 on a volume of 13.2 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 Express have traded between the current low of $11.89 and a high of $21.57 and are now at $12.04. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Express on April 12th, 2016 by issuing a Downtrend alert when the shares were trading at $19.33. Since that call, shares of Express have fallen 17.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses express