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AGCO Bearish Moving Average Crossover Alert (AGCO)

By Shiri Gupta

Today, shares of AGCO (NYSE:AGCO) have fallen below their 10-day MA of $53.07 on a volume of 119K 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 $52.91, which is 26% 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 1.3%.

SmarTrend is monitoring the recent change of momentum in AGCO. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of AGCO in search of a potential trend change.

Keywords: moving crosses

Ticker(s): AGCO