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Shoe Carnival Bearish Moving Average Crossover Alert (SCVL)

By Nick Russo

Today, shares of Shoe Carnival (NASDAQ:SCVL) have crossed bearishly below their 10-day moving average of $32.98 on a volume of 169K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Shoe Carnival share prices have moved between a 52-week high of $36.24 and a 52-week low of $15.07 and are now trading 112% above that low price at $32.01 per share. The 200-day and 50-day moving averages have moved 0.65% higher and 1.83% higher over the past week, respectively.

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

Keywords: moving crosses shoe carnival

Ticker(s): SCVL