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Fossil Crosses Below its 10-day MA (FOSL)

By Amy Schwartz

Fossil (NASDAQ:FOSL) crossed under its 10-day moving average of $28.38 on a volume of 184K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Fossil have traded between a low of $26.42 and a high of $86.50 and are now at $28.08, which is 6% above that low price. 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 33.6%. 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