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Bearish Moving Average Cross by Chart Industries (GTLS)

By James Quinn

Today, shares of Chart Industries (NASDAQ:GTLS) have fallen below their 10-day MA of $30.76 on a volume of 137K 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.

In the past 52 weeks, Chart Industries share prices have been bracketed by a low of $13.27 and a high of $45.62 and are now at $30.50, 130% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.0% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Chart Industries on July 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.97. Since that recommendation, shares of Chart Industries have risen 7.0%. We continue to monitor GTLS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses chart industries

Ticker(s): GTLS