Bearish Moving Average Cross by Ashland (ASH)
Ashland (NYSE:ASH) shares have crossed bearishly below their 10-day moving average of $120.92 on a volume of 372K 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 a low of $88.30 and a high of $132.38 and are now at $114.05, which is 29% above that low price. 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 tracking the current trend status for Ashland and will alert subscribers who have ASH in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses ashland