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Accenture Crosses Below its 10-day MA (ACN)

By Amy Schwartz

Accenture (NYSE:ACN) shares have crossed bearishly below their 10-day moving average of $114.29 on a volume of 298K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Accenture has traded in a range of $88.43 to $116.52 and is now at $113.06, 28% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

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 15.8%. 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