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SmarTrend Watching for Potential Rebound in Shares of Fossil Group Inc After 2.93% Loss

By Nick Russo

Fossil Group Inc (NASDAQ:FOSL) traded in a range yesterday that spanned from a low of $18.04 to a high of $19.09. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $18.30 on volume of 299,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Fossil Group Inc has traded in a range of $6.26 to $32.17 and is now at $18.20, 191% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Fossil Group Inc and will alert subscribers who have FOSL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders fossil group inc

Ticker(s): FOSL