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Bearish Moving Average Cross by Ashland (ASH)

By Amy Schwartz

Today, shares of Ashland (NYSE:ASH) have crossed bearishly below their 10-day moving average of $116.55 on a volume of 1.9 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.

In the past 52 weeks, shares of Ashland have traded between the current low of $60.27 and a high of $132.38 and are now at $62.53. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Ashland. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ashland in search of a potential trend change.

Keywords: moving crosses ashland

Ticker(s): ASH