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American Airline Crosses Below its 10-day MA (AAL)

By David Diaz

Today, shares of American Airline (NASDAQ:AAL) have crossed bearishly below their 10-day moving average of $34.12 on a volume of 956K 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.

American Airline share prices have moved between a 52-week high of $48.38 and a 52-week low of $28.81 and are now trading 17% above that low price at $33.71 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 0.58% lower over the past week, respectively.

SmarTrend is tracking the current trend status for American Airline and will alert subscribers who have AAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american airline

Ticker(s): AAL