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Bearish Moving Average Cross by Colfax Corp (CFX)

By David Diaz

Today, shares of Colfax Corp (NYSE:CFX) have crossed bearishly below their 10-day moving average of $27.22 on a volume of 191K 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, Colfax Corp share prices have been bracketed by a low of $18.95 and a high of $37.05 and are now at $27.03, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

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

Keywords: moving crosses colfax corp

Ticker(s): CFX