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Fossil: The Losing Streak Continues (FOSL)

By Shiri Gupta

Shares of Fossil (NASDAQ:FOSL) traded at a new 52-week low today of $16.24. So far today approximately 140,000 shares have been exchanged, as compared to an average 30-day volume of 943,000 shares.

Fossil has overhead space with shares priced $16.41, or 15.3% below the average consensus analyst price target of $19.36. The stock should find initial resistance at its 50-day moving average (MA) of $43.92 and further resistance at its 200-day MA of $47.12.

Over the past year, Fossilhas traded in a range of $16.24 to $86.50 and are now at $16.41. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1.2%.

Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories. The Company's products include an extensive line of men's and women's fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.

SmarTrend recommended that its subscribers protect gains by selling shares of Fossil on December 16th, 2016 by issuing a Downtrend alert when the shares were trading at $30.06. Since that call, shares of Fossil have fallen 45.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows fossil

Ticker(s): FOSL