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

By Amy Schwartz

Today, shares of Alliance Data Systems (NYSE:ADS) have crossed bearishly below their 10-day moving average of $255.05 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, Alliance Data Systems share prices have been bracketed by a low of $176.63 and a high of $307.78 and are now at $251.94, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

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

Keywords: moving crosses alliance data systems

Ticker(s): ADS