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Shares of Barnes & Noble E Fall Below Previous 52-Week Low

By Nick Russo

Shares of Barnes & Noble E (NYSE:BNED) traded at a new 52-week low today of $6.46. So far today approximately 120,000 shares have been exchanged, as compared to an average 30-day volume of 203,000 shares.

Barnes & Noble E share prices have moved between a 52-week high of $13.15 and the current low of $6.46 and are currently at $6.75 per share. The 200-day and 50-day moving averages have moved 0.39% lower and 0.87% lower over the past week, respectively.

Barnes & Noble Education, Inc. operates campus bookstores. The Company offers study guides, digital textbooks, new and used text books, and course materials for academic institutions. Barnes & Noble Education serves students and faculty members in the United States.

Barnes & Noble E has overhead space with shares priced $6.75, or 49.4% below the average consensus analyst price target of $13.33. The stock should find initial resistance at its 50-day moving average (MA) of $9.79 and further resistance at its 200-day MA of $11.48.

SmarTrend recommended that its subscribers protect gains by selling shares of Barnes & Noble E on July 13th, 2017 by issuing a Downtrend alert when the shares were trading at $8.39. Since that call, shares of Barnes & Noble E have fallen 20.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows barnes & noble e

Ticker(s): BNED