• Return to Headlines

Watch for Continued Losses in Shares of Signet Jewelers (SIG)

By David Diaz

Shares of Signet Jewelers (NYSE:SIG) traded at a new 52-week low today of $41.15. This new low was reached on above average trading volume as 8.3 million shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Signet Jewelers Ltd. operates as a retail company. The Company, through its subsidiaries, retails jewelry, watches, gifts, and accessories. Signet Jewelers operates in the United States, the United Kingdom, Puerto Rico, and Canada.

In the past 52 weeks, shares of Signet Jewelers have traded between the current low of $41.15 and a high of $101.46 and are now at $41.40. The 200-day and 50-day moving averages have moved 0.22% lower and 0.57% higher over the past week, respectively.

There is potential upside of 39.1% for shares of Signet Jewelers based on a current price of $41.40 and an average consensus analyst price target of $57.60. The stock should find initial resistance at its 50-day moving average (MA) of $113.36 and further resistance at its 200-day MA of $124.56.

SmarTrend recommended that its subscribers protect gains by selling shares of Signet Jewelers on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $50.21. Since that call, shares of Signet Jewelers have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows signet jewelers

Ticker(s): SIG