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Shares of Finish Line Receive a Boost, Up 1.8%

Published on Thu, 03/07/2013 - 11:19
By Robert Cotter

Finish Line (NASDAQ:FINL), a company whose shares are moving quickly, is trading 1.8% higher to $18.18. The S&P is trading fractionally higher to 1,544 and the Dow is trading 0.4% higher to 14,348.

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.

In the past 52 weeks, Finish Line share prices have been bracketed by a low of $16.87 and a high of $26.16 and are now at $18.18, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

There is potential upside of 5.7% for shares of Finish Line based on a current price of $18.18 and an average consensus analyst price target of $19.22. The stock should find initial resistance at its 50-day moving average (MA) of $18.21 and further resistance at its 200-day MA of $20.37.

By Robert Cotter
rcotter@fnno.com