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Bearish Moving Average Cross by Baxter Intl Inc (BAX)

By James Quinn

Baxter Intl Inc (NYSE:BAX) shares have crossed bearishly below their 10-day moving average of $80.49 on a volume of 603K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Baxter Intl Inc has traded in a range of $61.05 to $82.80 and is now at $79.57, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Baxter Intl Inc on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.71. Since that recommendation, shares of Baxter Intl Inc have risen 5.2%. We continue to monitor BAX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses baxter intl inc

Ticker(s): BAX