• Return to Headlines

Signet Jewelers Bearish Moving Average Crossover Alert (SIG)

By David Diaz

Today, shares of Signet Jewelers (NYSE:SIG) have crossed bearishly below their 10-day moving average of $59.34 on a volume of 143K 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.

In the past 52 weeks, shares of Signet Jewelers have traded between a low of $33.11 and a high of $77.94 and are now at $58.94, which is 78% above that low price. The 200-day and 50-day moving averages have moved 0.16% lower and 2.44% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Signet Jewelers on May 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.13. Since that recommendation, shares of Signet Jewelers have risen 38.4%. We continue to monitor SIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses signet jewelers

Ticker(s): SIG