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Retail Opportuni Crosses Below its 10-day MA (ROIC)

By Shiri Gupta

Today, shares of Retail Opportuni (NASDAQ:ROIC) have fallen below their 10-day MA of $17.65 on a volume of 308K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Retail Opportuni share prices have been bracketed by a low of $16.21 and a high of $23.05 and are now at $17.55, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Retail Opportuni and will alert subscribers who have ROIC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses retail opportuni

Ticker(s): ROIC