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Bearish Moving Average Cross by DigitalGlobe (DGI)

By James Quinn

DigitalGlobe (NYSE:DGI) shares have crossed bearishly below their 10-day moving average of $29.98 on a volume of 152K 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.

DigitalGlobe share prices have moved between a 52-week high of $35.91 and a 52-week low of $23.85 and are now trading 25% above that low price at $29.87 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

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

Keywords: moving crosses digitalglobe

Ticker(s): DGI