AO Smith Bearish Moving Average Crossover Alert (AOS)
AO Smith (NYSE:AOS) shares have crossed bearishly below their 10-day moving average of $90.18 on a volume of 131K 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.
Over the past year, AO Smith has traded in a range of $50.09 to $91.90 and is now at $90.08, 80% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 0.82% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of AO Smith on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.28. Since that recommendation, shares of AO Smith have risen 30.5%. We continue to monitor AOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ao smith