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Shares of Fossil Exhibit Possible Trend Reversal as it Trades Higher (FOSL)

By James Quinn

The price of Fossil shares has climbed to $9.66 (a 4.8% change) on heavy trading volume. Today's volume of 978,000 shares tops the average 30-day volume of 943,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Fossil on December 16th, 2016 by issuing a Downtrend alert when the shares were trading at $30.06. Since that call, shares of Fossil have fallen 69.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Fossil have traded between a low of $8.98 and a high of $86.50 and are now at $9.69, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1%.

Keywords: unusual volume fossil

Ticker(s): FOSL