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Bearish Moving Average Cross by Aecom Technology (ACM)

By Shiri Gupta

Aecom Technology (NYSE:ACM) shares have crossed bearishly below their 10-day moving average of $33.32 on a volume of 105K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Aecom Technology has traded in a range of $22.80 to $40.72 and is now at $33.00, 45% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Aecom Technology on January 12th, 2017 by issuing a Downtrend alert when the shares were trading at $35.69. Since that call, shares of Aecom Technology have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses aecom technology

Ticker(s): ACM