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Signet Jewelers Crosses Above its 10-day MA (SIG)

By David Diaz

Signet Jewelers (NYSE:SIG) shares have crossed bullishly above their 10-day moving average of $16.46 on a volume of 230K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Signet Jewelers share prices have moved between a 52-week high of $62.95 and a 52-week low of $10.40 and are now trading 62% above that low price at $16.86 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.7%.

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

Keywords: moving crosses signet jewelers

Ticker(s): SIG