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AGCO Bearish Moving Average Crossover Alert (AGCO)

By James Quinn

AGCO (NYSE:AGCO) shares have crossed bearishly below their 10-day moving average of $50.96 on a volume of 138K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of AGCO have traded between a low of $41.91 and a high of $57.90 and are now at $50.17, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for AGCO and will alert subscribers who have AGCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): AGCO