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

By Shiri Gupta

Signet Jewelers (NYSE:SIG) crossed over its 10-day moving average of $58.93 on a volume of 349K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Signet Jewelers share prices have moved between a 52-week high of $101.46 and a 52-week low of $46.09 and are now trading 30% above that low price at $59.90 per share. 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 subscribers consider buying shares of Signet Jewelers on June 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.43. Since that recommendation, shares of Signet Jewelers have risen 5.1%. 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