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Shoe Carnival Bullish Moving Average Crossover Alert (SCVL)

By Amy Schwartz

Today, shares of Shoe Carnival (NASDAQ:SCVL) have advanced above their 10-day MA of $16.63 on a volume of 1.2 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.

In the past 52 weeks, Shoe Carnival share prices have been bracketed by a low of $15.07 and a high of $31.79 and are now at $20.80, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Shoe Carnival on November 29th, 2016 by issuing a Downtrend alert when the shares were trading at $26.69. Since that call, shares of Shoe Carnival have fallen 38.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses shoe carnival

Ticker(s): SCVL