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Bassett Furn Down 44.9% Since SmarTrend Downtrend Call (BSET)

By James Quinn

SmarTrend identified a Downtrend for Bassett Furn (NASDAQ:BSET) on January 5th, 2018 at $35.95. In approximately 10 months, Bassett Furn has returned 44.87% as of today's recent price of $19.82.

In the past 52 weeks, shares of Bassett Furn have traded between a low of $18.86 and a high of $40.30 and are now at $19.82, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.3%.

Bassett Furniture Industries, Incorporated manufactures and sells furniture. The Company offers bedroom and dining suites, occasional tables and entertainment units, upholstered sofas, love seats, recliners, and mattresses. Bassett Furniture Industries serves customers globally.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Bassett Furn.

Log in and add Bassett Furn (BSET) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights bassett furn

Ticker(s): BSET