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AGCO Crosses Below its 10-day MA (AGCO)

By Amy Schwartz

AGCO (NYSE:AGCO) crossed under its 10-day moving average of $48.90 on a volume of 118K 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, AGCO has traded in a range of $41.91 to $57.90 and is now at $47.95, 14% above that low. The 200-day and 50-day moving averages have moved 0.09% lower and 0.82% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of AGCO on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $51.54. Since that call, shares of AGCO have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): AGCO