Bearish Moving Average Cross by Alon USA Energy (ALJ)
Alon USA Energy (NYSE:ALJ) crossed under its 10-day moving average of $10.91 on a volume of 189K 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.
Alon USA Energy share prices have moved between a 52-week high of $23.29 and a 52-week low of $9.20 and are now trading 16% above that low price at $10.70 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 1%.
SmarTrend is tracking the current trend status for Alon USA Energy and will alert subscribers who have ALJ in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses alon usa energy