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Bearish Moving Average Cross by Danaher Corp (DHR)

By James Quinn

Danaher Corp (NYSE:DHR) shares have crossed bearishly below their 10-day moving average of $139.37 on a volume of 190K 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, shares of Danaher Corp have traded between a low of $94.59 and a high of $145.50 and are now at $139.20, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.66% higher and 0.13% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Danaher Corp and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Danaher Corp

Ticker(s): DHR