Select Comfort (NASDAQ:SCSS) shares have crossed bearishly below their 10-day moving average of $20.19 on a volume of 4.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Select Comfort share prices have moved between a 52-week high of $35.60 and the current low of $16.62 and are currently at $17.31 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.7%.
Select Comfort Corporation designs, manufactures, and markets a line of air bed mattresses with adjustable firmness, as well as foundations and accessories. The Company's products are sold through retail stores located across the United States and through its national direct marketing operations.
Select Comfort has overhead space with shares priced $17.31, or 46.1% below the average consensus analyst price target of $32.14. Select Comfort shares should first meet resistance at the 50-day moving average (MA) of $24.12 and find additional resistance at the 200-day MA of $26.25.