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Bearish Moving Average Cross by Diebold Nixdorf (DBD)

By David Diaz

Today, shares of Diebold Nixdorf (NYSE:DBD) have fallen below their 10-day MA of $13.44 on a volume of 267K 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, Diebold Nixdorf share prices have been bracketed by a low of $2.41 and a high of $14.66 and are now at $12.82, 432% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.9% while the 50-day MA has advanced 3.0%.

SmarTrend recommended that subscribers consider buying shares of Diebold Nixdorf on July 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.65. Since that recommendation, shares of Diebold Nixdorf have risen 8.0%. We continue to monitor DBD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses diebold nixdorf

Ticker(s): DBD