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Fossil Bullish Moving Average Crossover Alert (FOSL)

By Nick Russo

Today, shares of Fossil (NASDAQ:FOSL) have crossed bullishly above their 10-day moving average of $30.76 on a volume of 306K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Fossil share prices have moved between a 52-week high of $86.50 and a 52-week low of $26.03 and are now trading 19% above that low price at $31.01 per share. The 200-day and 50-day moving averages have moved 1.24% lower and 0.99% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Fossil on March 29th, 2016 by issuing a Downtrend alert when the shares were trading at $43.18. Since that call, shares of Fossil have fallen 29.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses fossil

Ticker(s): FOSL