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Bearish Moving Average Cross by Cons Edison Inc (ED)

By Nick Russo

Cons Edison Inc (NYSE:ED) crossed under its 10-day moving average of $84.28 on a volume of 143K 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, Cons Edison Inc share prices have been bracketed by a low of $71.12 and a high of $85.87 and are now at $84.16, 18% 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 advanced 0.8%.

SmarTrend is tracking the current trend status for Cons Edison Inc and will alert subscribers who have ED in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cons edison inc

Ticker(s): ED