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After Yesterday's Rally of 1.50% Shares Could Potentially Pullback

By Shiri Gupta

Fossil Group Inc (NASDAQ:FOSL) traded in a range yesterday that spanned from a low of $11.62 to a high of $12.32. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $12.25 on volume of 431,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Fossil Group Inc share prices have been bracketed by a low of $9.00 and a high of $25.21 and are now at $12.18, 35% above that low price. The 200-day and 50-day moving averages have moved 0.94% lower and 0.44% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Fossil Group Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fossil Group Inc in search of a potential trend change.

Keywords: rebounders fossil group inc

Ticker(s): FOSL