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Shares of MIK Down 15.8% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Michaels Cos Inc (NASDAQ:MIK) on November 14th, 2019 at $8.75. In approximately 3 weeks, Michaels Cos Inc has returned 15.78% as of today's recent price of $7.37.

In the past 52 weeks, shares of Michaels Cos Inc have traded between the current low of $7.34 and a high of $25.57 and are now at $7.37. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.

The Michaels Cos Inc., together with its subsidiaries, operates as a arts and crafts specialty retailer in North America. The Company provides materials, project ideas and education for creative activities.

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

Log in and add Michaels Cos Inc (MIK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights michaels cos inc

Ticker(s): MIK