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Buyers Accumulate Shares of Fossil, Up 2.1%

Published on Tue, 04/30/2013 - 12:31
By Robert Cotter

One of today's notable stocks on the rise is Fossil (NASDAQ:FOSL), up 2.1% to $97.27. The S&P is trading fractionally higher to 1,596 and the Dow is trading fractionally higher to 14,820.

Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories. The Company's products include an extensive line of men's and women's fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, and apparel.

In the past 52 weeks, shares of Fossil have traded between a low of $62.77 and a high of $138.41 and are now at $97.27, which is 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.7%.

Fossil (NASDAQ:FOSL) has potential upside of 17.1% based on a current price of $97.27 and analysts' consensus price target of $113.92. The stock should find resistance at its 50-day moving average (MA) of $98.46, as well as support at its 200-day MA of $90.80.

By Robert Cotter
rcotter@fnno.com