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Bearish Moving Average Cross by Aspen Insurance (AHL)

By Nick Russo

Aspen Insurance (NYSE:AHL) crossed under its 10-day moving average of $50.90 on a volume of 159K 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 Aspen Insurance have traded between a low of $43.27 and a high of $57.80 and are now at $48.90, which is 13% 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 0.3%.

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

Keywords: moving crosses aspen insurance

Ticker(s): AHL