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Archer-Daniels Bearish Moving Average Crossover Alert (ADM)

By David Diaz

Archer-Daniels (NYSE:ADM) shares have crossed bearishly below their 10-day moving average of $41.15 on a volume of 419K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Archer-Daniels have traded between a low of $39.01 and a high of $47.88 and are now at $41.04, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for Archer-Daniels and will alert subscribers who have ADM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses archer-daniels

Ticker(s): ADM