Today, shares of Valmont Industries (NYSE:VMI) have crossed bearishly below their 10-day moving average of $72.48 on volume of 227 thousand shares.

This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.

SmarTrend issued a Downtrend Alert for Valmont Industries on January 07, 2010 at $76.27. In approximately 3 weeks, Valmont Industries has returned 5.2% as of today's recent price of $72.31.

We will continue to monitor VMI's share price relative to this moving average.

Contact Chip Brian

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