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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 $27.21 on a volume of 167K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Fossil share prices have been bracketed by a low of $26.42 and a high of $86.50 and are now at $27.54, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1.2%.

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 37.7%. 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