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Bearish Moving Average Cross by Ctrip.com International (CTRP)

By David Diaz

Ctrip.com International (NASDAQ:CTRP) shares have crossed bearishly below their 10-day moving average of $39.46 on a volume of 962K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Ctrip.com International have traded between a low of $27.25 and a high of $57.36 and are now at $38.24, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ctrip.com International on June 9th, 2016 by issuing a Downtrend alert when the shares were trading at $41.64. Since that call, shares of Ctrip.com International have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ctrip.com international

Ticker(s): CTRP