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Bearish Moving Average Cross by Dominion Resources (D)

By Amy Schwartz

Dominion Resources (NYSE:D) shares have crossed bearishly below their 10-day moving average of $72.96 on a volume of 569K 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, Dominion Resources share prices have been bracketed by a low of $64.54 and a high of $78.97 and are now at $72.83, 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses dominion resources

Ticker(s): D