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Bearish Two Hundred Day Moving Average Cross - SKS

By Market News Video Staff, Wednesday, May 25, 11:14 AM ET
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In trading on Wednesday, shares of Saks, Inc. (NYSE:SKS) crossed below their 200 day moving average of $10.76, changing hands as low as $10.64 per share. Saks, Inc. shares are currently trading down about 0.8% on the day. The chart below shows the one year performance of SKS shares, versus its 200 day moving average:

Saks, Inc. 200 Day Moving Average Chart

Looking at the chart above, SKS's low point in its 52 week range is $6.60 per share, with $12.97 as the 52 week high point — that compares with a last trade of $10.72.

SKS makes up 2.40% of the Rydex S&P MidCap 400 Pure Value ETF (AMEX:RFV)

SKS operates in the Department Stores sector, among companies like Dollar Tree, Inc. (NASDAQ:DLTR) which is off about 0.1% today, and Sears Holdings Corp (NASDAQ:SHLD) trading lower by about 0.6%. Below is a three month price history chart comparing the stock performance of SKS, versus DLTR and SHLD.

SKS,DLTR,SHLD Relative Performance Chart


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This Article's Word Cloud:   AMEX   Average   Below   DLTR   Investment   Moving   NASDAQ   Portfolio   Pure   SHLD   Saks   Value   Wednesday   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   completely   countries   currently   designed   growth   hands   history   moving   operates   performance   point   portfolio   price   range   raquo   share   shares   short   slideshow   stocks   terms   trading   versus   week   with   year
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