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Bassett Furniture Industries Shares Down 16.9% Since SmarTrend's Sell Call (BSET)

By Amy Schwartz

SmarTrend identified a Downtrend for Bassett Furniture Industries (NASDAQ:BSET) on May 6th, 2016 at $29.04. In approximately 6 months, Bassett Furniture Industries has returned 16.89% as of today's recent price of $24.13.

Over the past year, Bassett Furniture Industries has traded in a range of $22.42 to $38.65 and is now at $24.13, 8% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

Bassett Furniture Industries, Incorporated manufactures and sells a full line of furniture for the home. The Company offers bedroom and dining suites, occasional tables and entertainment units, upholstered sofas and love seats, recliners, and mattresses, among other products. Bassett's products are sold through retailers, including Bassett Furniture Direct.

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

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

Keywords: spotlights bassett furniture industries

Ticker(s): BSET