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Downgrade Alert for Finish Line (FINL)

By James Quinn

Finish Line (NASDAQ:FINL) was downgraded from Buy to Neutral at B. Riley today. The stock closed yesterday at $23.43 on volume of 1.1 million shares, above average daily volume of 619,000.

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.

Finish Line share prices have moved between a 52-week high of $31.90 and a 52-week low of $22.40 and closed yesterday at 5% above that low price at $23.43 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

There is potential upside of 14.7% for shares of Finish Line based on a current price of $23.43 and an average consensus analyst price target of $26.88. The stock should find initial resistance at its 50-day moving average (MA) of $24.00 and further resistance at its 200-day MA of $26.64.

SmarTrend is tracking the current trend status for Finish Line and will alert subscribers who have FINL in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Finish Line

Ticker(s): FINL