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Finish Line Bearish Moving Average Crossover Alert (FINL)

Published on Mon, 06/24/2013 - 11:40
By Mallory Stone

Finish Line (NASDAQ:FINL) crossed under its 10-day moving average of $21.10 on a volume of 223K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Finish Line (NASDAQ:FINL) is currently priced 4.0% above its average consensus analyst price target of $20.00. The stock should find initial support at its 50-day moving average (MA) of $20.49 and further support at its 200-day MA of $19.99.

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.

Over the past year, Finish Line has traded in a range of $16.87 to $24.90 and is now at $20.83, 23% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

By Mallory Stone
mstone@fnno.com