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AstraZeneca Crosses Below its 10-day MA (AZN)

By Nick Russo

AstraZeneca (NYSE:AZN) shares have crossed bearishly below their 10-day moving average of $28.59 on a volume of 555K 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.

Over the past year, AstraZeneca has traded in a range of $27.68 to $70.67 and is now at $28.32, 2% above that low. Over the past week, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of AstraZeneca on July 27th, 2015 by issuing a Downtrend alert when the shares were trading at $32.70. Since that call, shares of AstraZeneca have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses AstraZeneca

Ticker(s): AZN