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Accenture Bearish Moving Average Crossover Alert (ACN)

By Nick Russo

Today, shares of Accenture (NYSE:ACN) have fallen below their 10-day MA of $118.29 on a volume of 223K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Accenture share prices have moved between a 52-week high of $119.72 and a 52-week low of $88.43 and are now trading 33% above that low price at $118.04 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Accenture on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.82. Since that recommendation, shares of Accenture have risen 20.7%. 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