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

By David Diaz

Today, shares of Apogee Enterprises (NASDAQ:APOG) have crossed bearishly below their 10-day moving average of $57.74 on a volume of 454K 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.

In the past 52 weeks, shares of Apogee Enterprises have traded between a low of $33.67 and a high of $61.05 and are now at $54.33, which is 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Apogee Enterprises on November 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.53. Since that recommendation, shares of Apogee Enterprises have risen 30.4%. 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