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Archer-Daniels Crosses Below its 10-day MA (ADM)

By Shiri Gupta

Archer-Daniels (NYSE:ADM) crossed under its 10-day moving average of $39.77 on a volume of 165K 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 Archer-Daniels have traded between a low of $36.45 and a high of $49.77 and are now at $39.15, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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