2-6-12-Shares of Barnes & Noble (NYSE:BKS) rallied 4% after an ITC staff attorney said he will recommend a commission judge find that B&N didn't infringe any of the three patents asserted by Microsoft (NASDAQ:MSFT) in a claim.
SmarTrend alerted subscribers to take profits in Barnes & Noble on December 21, 2011 at $14.63, since then the stock fell 9.6%. We are now watching for any positive developments that could result in a new uptrend signal.
Barnes & Noble is currently below its 50-day moving average (MA) of $14.02 and below its 200-day MA of $14.32. In the last five trading sessions, the 50-day MA has fallen 2.45% while the 200-day MA has risen 0.42%.
Barnes & Noble, Inc. operates superstores and mall-based bookstores throughout the US. The Company operates book superstores under the names Barnes & Noble Booksellers, Bookstop, and Bookstar. Barnes & Noble also operates bookstores in shopping malls under the names B. Dalton Bookseller, Doubleday Book Shops, and Scribner's Bookstore.
