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Fossil: New 52-Week Low Set Today (FOSL)

By Shiri Gupta

Fossil (NASDAQ:FOSL) traded today at a new 52-week low of $10.73. So far today approximately 663,000 shares have been exchanged, as compared to an average 30-day volume of 943,000 shares.

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.

In the past 52 weeks, shares of Fossil have traded between the current low of $10.73 and a high of $86.50 and are now at $10.80. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1%.

There is potential upside of 79.3% for shares of Fossil based on a current price of $10.80 and an average consensus analyst price target of $19.36. Fossil shares should first meet resistance at the 50-day moving average (MA) of $43.92 and find additional resistance at the 200-day MA of $47.12.

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 62.9%. 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