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Bearish Moving Average Cross by Aetna (AET)

By Shiri Gupta

Aetna (NYSE:AET) shares have crossed bearishly below their 10-day moving average of $141.78 on a volume of 620K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Aetna share prices have moved between a 52-week high of $144.87 and a 52-week low of $92.42 and are now trading 53% above that low price at $141.54 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Aetna on April 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $131.40. Since that recommendation, shares of Aetna have risen 8.2%. We continue to monitor AET for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Aetna

Ticker(s): AET