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Steven Madden Crosses Above its 10-day MA (SHOO)

By James Quinn

Today, shares of Steven Madden (NASDAQ:SHOO) have crossed bullishly above their 10-day moving average of $34.33 on a volume of 201K 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, Steven Madden has traded in a range of $27.80 to $44.72 and is now at $34.43, 24% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Steven Madden and will alert subscribers who have SHOO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses steven madden

Ticker(s): SHOO