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Bearish Moving Average Cross by Astronics Corp (ATRO)

By Amy Schwartz

Today, shares of Astronics Corp (NASDAQ:ATRO) have crossed bearishly below their 10-day moving average of $42.62 on a volume of 192K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Astronics Corp has traded in a range of $27.56 to $46.56 and is now at $41.00, 49% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Astronics Corp on April 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.66. Since that recommendation, shares of Astronics Corp have risen 31.3%. We continue to monitor ATRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses astronics corp

Ticker(s): ATRO