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

By James Quinn

Anheuser-Busch InBev (NYSE:BUD) shares have crossed bearishly below their 10-day moving average of $119.26 on a volume of 1.4 million 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.

In the past 52 weeks, Anheuser-Busch InBev share prices have been bracketed by a low of $98.28 and a high of $136.08 and are now at $116.47, 19% above that low price. 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 recommended that subscribers consider buying shares of Anheuser-Busch InBev on February 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $106.35. Since that recommendation, shares of Anheuser-Busch InBev have risen 12.4%. We continue to monitor BUD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Anheuser-Busch InBev

Ticker(s): BUD