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AGCO Crosses Below its 10-day MA (AGCO)

By Shiri Gupta

Today, shares of AGCO (NYSE:AGCO) have crossed bearishly below their 10-day moving average of $63.89 on a volume of 131K 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.

In the past 52 weeks, shares of AGCO have traded between a low of $41.91 and a high of $65.67 and are now at $63.26, which is 51% 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 recommended that subscribers consider buying shares of AGCO on April 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.04. Since that recommendation, shares of AGCO have risen 4.9%. We continue to monitor AGCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): AGCO