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Bearish Moving Average Cross by American Airline (AAL)

By David Diaz

Today, shares of American Airline (NASDAQ:AAL) have fallen below their 10-day MA of $28.45 on a volume of 4.0 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, American Airline share prices have been bracketed by a low of $24.23 and a high of $43.89 and are now at $28.21, 16% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.

SmarTrend is monitoring the recent change of momentum in American Airline. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of American Airline in search of a potential trend change.

Keywords: moving crosses american airline

Ticker(s): AAL