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Shares of SCVL Up 31.0% Since Uptrend Call on Shares

By Amy Schwartz

SmarTrend identified an Uptrend for Shoe Carnival (NASDAQ:SCVL) on November 17th, 2017 at $25.55. In approximately 7 months, Shoe Carnival has returned 30.96% as of today's recent price of $33.46.

In the past 52 weeks, shares of Shoe Carnival have traded between a low of $15.07 and a high of $34.98 and are now at $33.46, which is 122% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 1.1%.

Shoe Carnival, Inc., a retailer of family footwear, operates primarily in the Midwest, South, and Southeastern regions of the United States. The Company seeks to create a carnival-like atmosphere in each of its stores by decorating with bright lights, colors, and neon signs.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Shoe Carnival shares.

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

Keywords: spotlights shoe carnival

Ticker(s): SCVL