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Bearish Moving Average Cross by American Campus Communities (ACC)

By David Diaz

Today, shares of American Campus Communities (NYSE:ACC) have crossed bearishly below their 10-day moving average of $47.51 on a volume of 137K 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 Campus Communities share prices have been bracketed by a low of $32.12 and a high of $54.56 and are now at $47.16, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for American Campus Communities and will alert subscribers who have ACC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american campus communities

Ticker(s): ACC