Bearish Moving Average Cross by CurrencyShares Euro Trust (FXE)
CurrencyShares Euro Trust (NYSE:FXE) shares have crossed bearishly below their 10-day moving average of $111.17 on a volume of 165K 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, CurrencyShares Euro Trust share prices have been bracketed by a low of $103.36 and a high of $114.81 and are now at $110.18, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for CurrencyShares Euro Trust and will alert subscribers who have FXE in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses currencyshares euro trust