Anheuser-Busch InBev Crosses Below its 10-day MA (BUD)
Today, shares of Anheuser-Busch InBev (NYSE:BUD) have crossed bearishly below their 10-day moving average of $128.68 on a volume of 661K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Anheuser-Busch InBev has traded in a range of $102.52 to $132.91 and is now at $126.80, 24% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in Anheuser-Busch InBev. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Anheuser-Busch InBev in search of a potential trend change.
Keywords: moving crosses Anheuser-Busch InBev