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Sears Holdings Crosses Above its 10-day MA (SHLD)

By Nick Russo

Sears Holdings (NASDAQ:SHLD) shares have crossed bullishly above their 10-day moving average of $8.20 on a volume of 2.9 million 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 $5.50 and are now trading 68% above that low price at $9.24 per share. The 200-day and 50-day moving averages have moved 0.68% lower and 0.94% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sears Holdings on April 26th, 2017 by issuing a Downtrend alert when the shares were trading at $10.80. Since that call, shares of Sears Holdings have fallen 30.8%. 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