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Bearish Moving Average Cross by CH Robinson Worldwide (CHRW)

By David Diaz

Today, shares of CH Robinson Worldwide (NASDAQ:CHRW) have fallen below their 10-day MA of $69.49 on a volume of 135K 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.

In the past 52 weeks, CH Robinson Worldwide share prices have been bracketed by a low of $59.71 and a high of $76.10 and are now at $69.35, 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for CH Robinson Worldwide and will alert subscribers who have CHRW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ch robinson worldwide

Ticker(s): CHRW