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AutoNation Bearish Moving Average Crossover Alert (AN)

By Shiri Gupta

Today, shares of AutoNation (NYSE:AN) have crossed bearishly below their 10-day moving average of $41.03 on a volume of 596K shares. This may provide swing traders with 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 AutoNation have traded between a low of $38.20 and a high of $66.63 and are now at $40.89, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in AutoNation. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of AutoNation in search of a potential trend change.

Keywords: moving crosses autonation

Ticker(s): AN