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Bullish Moving Average Cross by Finish Line (FINL)

Published on Thu, 03/07/2013 - 12:12
By Mallory Stone

Today, shares of Finish Line (NASDAQ:FINL) have crossed bullishly above their 10-day moving average of $18.06 on a volume of 258K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Finish Line share prices have moved between a 52-week high of $26.16 and a 52-week low of $16.87 and are now trading 8% above that low price at $18.23 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% 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.

Finish Line (NASDAQ:FINL) has potential upside of 5.4% based on a current price of $18.23 and analysts' consensus price target of $19.22. The stock should find resistance at its 200-day moving average (MA) of $20.37, as well as support at its 50-day MA of $18.21.

By Mallory Stone
mstone@fnno.com