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Bearish Moving Average Cross by Anheuser-Busch InBev (BUD)

By Shiri Gupta

Today, shares of Anheuser-Busch InBev (NYSE:BUD) have fallen below their 10-day MA of $130.32 on a volume of 340K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Anheuser-Busch InBev has traded in a range of $102.52 to $136.08 and is now at $129.66, 26% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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

Keywords: moving crosses Anheuser-Busch InBev

Ticker(s): BUD