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Uptrend Call Working As Shoe Carnival Stock Rises 46.9% (SCVL)

By Amy Schwartz

SmarTrend identified an Uptrend for Shoe Carnival (NASDAQ:SCVL) on November 17th, 2017 at $25.55. In approximately 11 months, Shoe Carnival has returned 46.89% as of today's recent price of $37.53.

Over the past year, Shoe Carnival has traded in a range of $17.94 to $45.00 and is now at $37.53, 109% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

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