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Avery Dennison Bearish Moving Average Crossover Alert (AVY)

By Shiri Gupta

Today, shares of Avery Dennison (NYSE:AVY) have crossed bearishly below their 10-day moving average of $115.63 on a volume of 122K 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, Avery Dennison share prices have been bracketed by a low of $68.55 and a high of $123.67 and are now at $115.46, 68% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Avery Dennison and will alert subscribers who have AVY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses avery dennison

Ticker(s): AVY