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Signet Jewelers Bullish Moving Average Crossover Alert (SIG)

By James Quinn

Today, shares of Signet Jewelers (NYSE:SIG) have crossed bullishly above their 10-day moving average of $12.71 on a volume of 397K 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, Signet Jewelers share prices have been bracketed by a low of $11.51 and a high of $71.07 and are now at $13.21, 15% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has declined 2.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Signet Jewelers on April 12th, 2019 by issuing a Downtrend alert when the shares were trading at $23.51. Since that call, shares of Signet Jewelers have fallen 47.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses signet jewelers

Ticker(s): SIG