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Bearish Moving Average Cross by Aircastle Ltd (AYR)

By Amy Schwartz

Today, shares of Aircastle Ltd (NYSE:AYR) have crossed bearishly below their 10-day moving average of $21.99 on a volume of 2.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Aircastle Ltd share prices have been bracketed by a low of $18.26 and a high of $25.98 and are now at $21.04, 15% 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 slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Aircastle Ltd on March 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.66. Since that recommendation, shares of Aircastle Ltd have risen 11.1%. We continue to monitor AYR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses aircastle ltd

Ticker(s): AYR