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Bearish Moving Average Cross by AON (AON)

By David Diaz

AON (NYSE:AON) crossed under its 10-day moving average of $118.10 on a volume of 126K 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, AON share prices have been bracketed by a low of $83.83 and a high of $119.88 and are now at $117.98, 41% above that low price. The 200-day and 50-day moving averages have moved 0.07% higher and 0.95% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of AON on November 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.93. Since that recommendation, shares of AON have risen 4.8%. We continue to monitor AON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): AON