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Bearish Moving Average Cross by Carlisle Cos Inc (CSL)

By David Diaz

Carlisle Cos Inc (NYSE:CSL) crossed under its 10-day moving average of $122.48 on a volume of 151K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Carlisle Cos Inc have traded between a low of $92.16 and a high of $129.47 and are now at $122.24, which is 33% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 1.65% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Carlisle Cos Inc on January 2nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.11. Since that recommendation, shares of Carlisle Cos Inc have risen 23.4%. We continue to monitor CSL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses carlisle cos inc

Ticker(s): CSL