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Axalta Coating S Crosses Below its 10-day MA (AXTA)

By Amy Schwartz

Today, shares of Axalta Coating S (NYSE:AXTA) have fallen below their 10-day MA of $30.99 on a volume of 518K 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.

Axalta Coating S share prices have moved between a 52-week high of $32.14 and a 52-week low of $21.58 and are now trading 43% above that low price at $30.83 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Axalta Coating S on September 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.73. Since that recommendation, shares of Axalta Coating S have risen 4.7%. We continue to monitor AXTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses axalta coating s

Ticker(s): AXTA