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Bearish Moving Average Cross by Delta Air Li (DAL)

By Shiri Gupta

Delta Air Li (NYSE:DAL) crossed under its 10-day moving average of $50.61 on a volume of 648K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Delta Air Li has traded in a range of $45.08 to $61.32 and is now at $50.29, 12% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Delta Air Li and will alert subscribers who have DAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses delta air li

Ticker(s): DAL