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Sears Holdings Bullish Moving Average Crossover Alert (SHLD)

By James Quinn

Today, shares of Sears Holdings (NASDAQ:SHLD) have advanced above their 10-day MA of $11.39 on a volume of 314K 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.

Sears Holdings share prices have moved between a 52-week high of $40.75 and a 52-week low of $10.52 and are now trading 10% above that low price at $11.53 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sears Holdings on August 24th, 2016 by issuing a Downtrend alert when the shares were trading at $15.17. Since that call, shares of Sears Holdings have fallen 27.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sears holdings

Ticker(s): SHLD