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Bearish Moving Average Cross by Cooper Tire & Ru (CTB)

By David Diaz

Cooper Tire & Ru (NYSE:CTB) crossed under its 10-day moving average of $32.01 on a volume of 213K 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.

Over the past year, Cooper Tire & Ru has traded in a range of $29.29 to $44.50 and is now at $31.48, 7% above that low. The 200-day and 50-day moving averages have moved 0.02% higher and 0.96% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Cooper Tire & Ru on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $36.68. Since that call, shares of Cooper Tire & Ru have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cooper tire & ru

Ticker(s): CTB