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Iconix Brand Bullish Moving Average Crossover Alert (ICON)

By James Quinn

Iconix Brand (NASDAQ:ICON) shares have crossed bullishly above their 10-day moving average of $7.27 on a volume of 177K 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.

Iconix Brand share prices have moved between a 52-week high of $44.81 and a 52-week low of $4.67 and are now trading 59% above that low price at $7.41 per share. Over the last five market days, the 200-day moving average (MA) has gone down 2.9% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Iconix Brand on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $9.18. Since that call, shares of Iconix Brand have fallen 22.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses iconix brand

Ticker(s): ICON