Today, shares of Sears Holdings (NASDAQ:SHLD) have crossed bullishly above their 10-day moving average of $40.67 on a volume of 380K 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.
Sears Holdings Corporation is a broadline retailer with full-line and specialty retail stores in the United States and Canada. The Company retails home appliances, as well as tools, lawn and garden products, home electronics, and other products. Sears Holdings also provides automotive repair and maintenance.
In the past 52 weeks, shares of Sears Holdings have traded between a low of $22.42 and a high of $48.25 and are now at $41.55, which is 85% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.69% higher over the past week, respectively.
Sears Holdings (NASDAQ:SHLD) is currently priced 73.5% above its average consensus analyst price target of $11.00. The stock should discover initial support at its 50-day moving average (MA) of $40.29 and subsequent support at its 200-day MA of $34.56.