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Bearish Moving Average Cross by DigitalGlobe (DGI)

By David Diaz

DigitalGlobe (NYSE:DGI) shares have crossed bearishly below their 10-day moving average of $31.93 on a volume of 210K 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.

Over the past year, DigitalGlobe has traded in a range of $26.02 to $43.13 and is now at $31.73, 22% above that low. The 200-day and 50-day moving averages have moved 0.03% lower and 0.16% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in DigitalGlobe. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of DigitalGlobe in search of a potential trend change.

Keywords: moving crosses digitalglobe

Ticker(s): DGI