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

By Amy Schwartz

Signet Jewelers (NYSE:SIG) shares have crossed bearishly below their 10-day moving average of $80.70 on a volume of 147K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Signet Jewelers share prices have been bracketed by a low of $72.65 and a high of $152.27 and are now at $79.99, 10% above that low price. 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 is tracking the current trend status for Signet Jewelers and will alert subscribers who have SIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses signet jewelers

Ticker(s): SIG