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Bearish Moving Average Cross by Archer-Daniels (ADM)

By Shiri Gupta

Today, shares of Archer-Daniels (NYSE:ADM) have fallen below their 10-day MA of $41.57 on a volume of 465K 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, Archer-Daniels share prices have been bracketed by a low of $39.01 and a high of $47.88 and are now at $41.23, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.4%.

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

Keywords: moving crosses archer-daniels

Ticker(s): ADM