• Return to Headlines

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

By David Diaz

Fossil (NASDAQ:FOSL) traded today at a new 52-week low of $9.70. So far today approximately 755,000 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.

Potential upside of 98.8% exists for Fossil, based on a current level of $9.74 and analysts' average consensus 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.

Fossil share prices have moved between a 52-week high of $86.50 and the current low of $9.70 and are currently at $9.74 per share. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1%.

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 66.5%. 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