Bearish Moving Average Cross by Avis Budget Group (CAR)
Today, shares of Avis Budget Group (NYSE:CAR) have fallen below their 10-day MA of $33.73 on a volume of 271K 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, Avis Budget Group has traded in a range of $21.73 to $56.74 and is now at $33.45, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.9%.
SmarTrend is monitoring the recent change of momentum in Avis Budget Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Avis Budget Group in search of a potential trend change.
Keywords: moving crosses Avis Budget Group