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

By Amy Schwartz

Aecom Technology (NYSE:ACM) shares have crossed bearishly below their 10-day moving average of $33.05 on a volume of 347K 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, Aecom Technology share prices have been bracketed by a low of $24.82 and a high of $38.24 and are now at $32.73, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Aecom Technology on February 20th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.74. Since that recommendation, shares of Aecom Technology have risen 15.5%. 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