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Accenture Bearish Moving Average Crossover Alert (ACN)

By Shiri Gupta

Accenture (NYSE:ACN) shares have crossed bearishly below their 10-day moving average of $124.37 on a volume of 2.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Accenture share prices have been bracketed by a low of $88.43 and a high of $126.26 and are now at $122.14, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Accenture on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.20. Since that recommendation, shares of Accenture have risen 6.1%. We continue to monitor ACN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses accenture

Ticker(s): ACN