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Aetna Bearish Moving Average Crossover Alert (AET)

By Amy Schwartz

Aetna (NYSE:AET) crossed under its 10-day moving average of $147.59 on a volume of 675K 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.

Over the past year, Aetna has traded in a range of $92.42 to $150.76 and is now at $145.46, 57% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Aetna on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $131.40. Since that recommendation, shares of Aetna have risen 14.0%. We continue to monitor AET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Aetna

Ticker(s): AET