Finish Line Bearish Moving Average Crossover Alert (FINL)

Published on Tue, 07/14/2015 - 11:19
By Adrienne Chilton in Moving average crossovers, FINL, finish line, moving crosses, nasdaq:finl

Today, shares of Finish Line (NASDAQ:FINL) have fallen below their 10-day MA of $27.93 on a volume of 264K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Finish Line (NASDAQ:FINL) is currently priced 2.6% above its average consensus analyst price target of $26.97. The stock should discover initial support at its 50-day moving average (MA) of $26.56 and subsequent support at its 200-day MA of $25.52.

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, shares of Finish Line have traded between a low of $22.40 and a high of $31.90 and are now at $27.69, which is 24% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

By Adrienne Chilton
achilton@fnno.com

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