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Bearish Moving Average Cross by Avis Budget Group (CAR)

By Nick Russo

Avis Budget Group (NYSE:CAR) shares have crossed bearishly below their 10-day moving average of $30.50 on a volume of 442K 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.

Avis Budget Group share prices have moved between a 52-week high of $56.74 and a 52-week low of $21.73 and are now trading 38% above that low price at $30.02 per share. Over the past week, 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

Ticker(s): CAR