Aecom Technology Crosses Below its 10-day MA (ACM)
Today, shares of Aecom Technology (NYSE:ACM) have fallen below their 10-day MA of $33.91 on a volume of 554K 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, Aecom Technology has traded in a range of $15.94 to $35.24 and is now at $31.55, 98% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.
SmarTrend recommended that subscribers consider buying shares of Aecom Technology on May 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.34. Since that recommendation, shares of Aecom Technology have risen 16.0%. 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