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Movado Bearish Moving Average Crossover Alert (MOV)

By Nick Russo

Today, shares of Movado (NYSE:MOV) have fallen below their 10-day MA of $22.79 on a volume of 236K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Movado has traded in a range of $19.14 to $31.95 and is now at $22.60, 18% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Movado on January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $27.53. Since that call, shares of Movado have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses movado

Ticker(s): MOV