GIII Trading Above 200 & 50-Day SMA: How to Play the Stock Now?

G-III Apparel Group, Ltd. (GIII) has demonstrated strong upward momentum, trading above its 200 and 50-day simple moving averages (SMA). SMA is a key indicator of price stability and long-term bullish trends. GIII ended Friday’s trading session at $30.60, above its 200 and 50-day SMA of$28.72 and $29.62, respectively, highlighting a continued uptrend. This technical strength, along with sustained momentum, reflects positive market sentiment and investor’s confidence in GIII's financial health and growth pr ...