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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 $114.94 on a volume of 771K 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.

In the past 52 weeks, shares of Accenture have traded between a low of $88.43 and a high of $120.78 and are now at $112.77, which is 28% 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 is tracking the current trend status for Accenture and will alert subscribers who have ACN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses accenture

Ticker(s): ACN