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

By Nick Russo

Today, shares of American Airline (NASDAQ:AAL) have fallen below their 10-day MA of $33.62 on a volume of 3.5 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, American Airline share prices have been bracketed by a low of $27.02 and a high of $43.89 and are now at $33.37, 24% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of American Airline on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.79. Since that recommendation, shares of American Airline have risen 12.3%. We continue to monitor AAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american airline

Ticker(s): AAL