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Aecom Technology Crosses Below its 10-day MA (ACM)

By James Quinn

Aecom Technology (NYSE:ACM) crossed under its 10-day moving average of $30.39 on a volume of 1.4 million 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.

In the past 52 weeks, shares of Aecom Technology have traded between a low of $24.04 and a high of $35.40 and are now at $29.92, which is 24% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.81% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Aecom Technology on October 6th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.27. Since that recommendation, shares of Aecom Technology have risen 7.3%. We continue to monitor ACM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses aecom technology

Ticker(s): ACM