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Bearish Moving Average Cross by Cons Edison Inc (ED)

By Amy Schwartz

Today, shares of Cons Edison Inc (NYSE:ED) have fallen below their 10-day MA of $80.16 on a volume of 217K 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, Cons Edison Inc has traded in a range of $71.12 to $89.70 and is now at $79.40, 12% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Cons Edison Inc on June 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.25. Since that recommendation, shares of Cons Edison Inc have risen 7.3%. We continue to monitor ED for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cons edison inc

Ticker(s): ED