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Bearish Moving Average Cross by Aramark (ARMK)

By Shiri Gupta

Today, shares of Aramark (NYSE:ARMK) have fallen below their 10-day MA of $30.80 on a volume of 3.7 million 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.

Over the past year, Aramarkhas traded in a range of $26.53 to $43.70 and are now at $28.50. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

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

Keywords: moving crosses aramark

Ticker(s): ARMK