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Bearish Moving Average Cross by CH Robinson Worldwide (CHRW)

By James Quinn

Today, shares of CH Robinson Worldwide (NASDAQ:CHRW) have crossed bearishly below their 10-day moving average of $73.84 on a volume of 143K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, CH Robinson Worldwide has traded in a range of $59.71 to $76.10 and is now at $72.95, 22% above that low. The 200-day and 50-day moving averages have moved 0.22% higher and 0.14% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of CH Robinson Worldwide on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.44. Since that recommendation, shares of CH Robinson Worldwide have risen 13.2%. We continue to monitor CHRW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ch robinson worldwide

Ticker(s): CHRW