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Accenture Crosses Below its 10-day MA (ACN)

By James Quinn

Accenture (NYSE:ACN) crossed under its 10-day moving average of $125.59 on a volume of 692K 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.

Accenture share prices have moved between a 52-week high of $127.00 and a 52-week low of $88.43 and are now trading 42% above that low price at $125.20 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 1.04% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Accenture on April 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.69. Since that recommendation, shares of Accenture have risen 4.3%. 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