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Downgrade Alert for Finish Line (FINL)

By Amy Schwartz

Finish Line (NASDAQ:FINL) was downgraded from Buy to Neutral at Gilford Securities today. The stock closed yesterday at $22.62 on volume of 2.9 million shares, above average daily volume of 604,000.

Finish Line (NASDAQ:FINL) has potential upside of 33.1% based on a current price of $22.62 and analysts' consensus price target of $30.11. The stock should find initial resistance at its 50-day moving average (MA) of $26.82 and further resistance at its 200-day MA of $27.85.

In the past 52 weeks, Finish Line share prices have been bracketed by a low of $22.40 and a high of $31.90 and closed yesterday at $22.62, 1% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

The Finish Line, Inc. is a specialty retailer of men's, women's and children's brand name athletic and leisure footwear, activewear, and accessories. Brand names carried by the Company include Nike, Reebok, K-Swiss, And 1, Asics, adidas, Timberland, New Balance, Saucony, Skechers, and Converse.

SmarTrend is monitoring the recent change of momentum in Finish Line. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Finish Line in search of a potential trend change.

Keywords: analyst upgrades/downgrades Finish Line

Ticker(s): FINL