• Return to Headlines

Sears Holdings Bullish Moving Average Crossover Alert (SHLD)

By David Diaz

Sears Holdings (NASDAQ:SHLD) shares have crossed bullishly above their 10-day moving average of $8.70 on a volume of 241K 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.

Over the past year, Sears Holdings has traded in a range of $5.50 to $123.47 and is now at $8.83, 61% above that low. 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 subscribers consider buying shares of Sears Holdings on June 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.99. Since that recommendation, shares of Sears Holdings have risen 7.0%. We continue to monitor SHLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sears holdings

Ticker(s): SHLD