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Bearish Moving Average Cross by Agilent Technologies (A)

By Nick Russo

Agilent Technologies (NYSE:A) crossed under its 10-day moving average of $41.47 on a volume of 206K 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.

In the past 52 weeks, Agilent Technologies share prices have been bracketed by a low of $33.12 and a high of $42.93 and are now at $41.31, 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Agilent Technologies on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.99. Since that recommendation, shares of Agilent Technologies have risen 9.5%. We continue to monitor A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses agilent technologies

Ticker(s): A