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Bearish Moving Average Cross by Danaher (DHR)

By James Quinn

Danaher (NYSE:DHR) crossed under its 10-day moving average of $99.12 on a volume of 409K 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, Danaher share prices have been bracketed by a low of $81.25 and a high of $100.50 and are now at $98.93, 22% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Danaher on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.04. Since that recommendation, shares of Danaher have risen 14.1%. We continue to monitor DHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses danaher

Ticker(s): DHR