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Advisory Board Bearish Moving Average Crossover Alert (ABCO)

By Nick Russo

Today, shares of Advisory Board (NASDAQ:ABCO) have fallen below their 10-day MA of $34.50 on a volume of 121K 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, Advisory Board share prices have been bracketed by a low of $18.87 and a high of $60.38 and are now at $33.19, 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 1.3%.

SmarTrend recommended that subscribers consider buying shares of Advisory Board on March 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.59. Since that recommendation, shares of Advisory Board have risen 14.4%. We continue to monitor ABCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses advisory board

Ticker(s): ABCO