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Bearish Moving Average Cross by AO Smith (AOS)

By Amy Schwartz

Today, shares of AO Smith (NYSE:AOS) have crossed bearishly below their 10-day moving average of $96.04 on a volume of 195K 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, AO Smith has traded in a range of $50.09 to $98.38 and is now at $93.25, 86% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of AO Smith on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.28. Since that recommendation, shares of AO Smith have risen 39.8%. We continue to monitor AOS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ao smith

Ticker(s): AOS