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Bearish Moving Average Cross by Danaher Corp (DHR)

By Nick Russo

Danaher Corp (NYSE:DHR) shares have crossed bearishly below their 10-day moving average of $131.10 on a volume of 197K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Danaher Corp share prices have moved between a 52-week high of $134.67 and a 52-week low of $94.59 and are now trading 38% above that low price at $130.46 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Danaher Corp on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.21. Since that recommendation, shares of Danaher Corp have risen 28.7%. We continue to monitor DHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Danaher Corp

Ticker(s): DHR