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Bearish Moving Average Cross by Bemis Co (BMS)

By David Diaz

Today, shares of Bemis Co (NYSE:BMS) have crossed bearishly below their 10-day moving average of $57.34 on a volume of 595K 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.

Bemis Co share prices have moved between a 52-week high of $59.85 and a 52-week low of $40.86 and are now trading 40% above that low price at $57.03 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in Bemis Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bemis Co in search of a potential trend change.

Keywords: moving crosses bemis co

Ticker(s): BMS