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Finish Line Bearish Moving Average Crossover Alert (FINL)

By Nick Russo

Today, shares of Finish Line (NASDAQ:FINL) have crossed bearishly below their 10-day moving average of $19.98 on a volume of 187K 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, Finish Line share prices have been bracketed by a low of $15.37 and a high of $29.05 and are now at $19.43, 26% above that low price. The 200-day and 50-day moving averages have moved 0.75% lower and 0.63% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Finish Line on December 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.57. Since that recommendation, shares of Finish Line have risen 8.6%. We continue to monitor FINL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Finish Line

Ticker(s): FINL