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Signet Jewelers Crosses Above its 10-day MA (SIG)

By David Diaz

Today, shares of Signet Jewelers (NYSE:SIG) have crossed bullishly above their 10-day moving average of $75.85 on a volume of 203K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Signet Jewelers has traded in a range of $72.65 to $152.27 and is now at $77.16, 6% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Signet Jewelers on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $79.66. Since that call, shares of Signet Jewelers have fallen 5.0%. 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