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Apogee Enterprises Crosses Below its 10-day MA (APOG)

By Nick Russo

Today, shares of Apogee Enterprises (NASDAQ:APOG) have crossed bearishly below their 10-day moving average of $35.36 on a volume of 198K 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.

Apogee Enterprises share prices have moved between a 52-week high of $36.49 and a 52-week low of $22.20 and are now trading 58% above that low price at $35.10 per share. The 200-day and 50-day moving averages have moved 0.40% higher and 0.91% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Apogee Enterprises on July 9th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.51. Since that recommendation, shares of Apogee Enterprises have risen 40.5%. We continue to monitor APOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses apogee enterprises

Ticker(s): APOG