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Alliance Data Crosses Below its 10-day MA (ADS)

By James Quinn

Alliance Data (NYSE:ADS) shares have crossed bearishly below their 10-day moving average of $235.80 on a volume of 114K 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.

Alliance Data share prices have moved between a 52-week high of $278.33 and a 52-week low of $185.02 and are now trading 26% above that low price at $233.27 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alliance Data on January 25th, 2018 by issuing a Downtrend alert when the shares were trading at $249.00. Since that call, shares of Alliance Data have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses alliance data

Ticker(s): ADS