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Bearish Moving Average Cross by Domino'S Pizza (DPZ)

By Amy Schwartz

Today, shares of Domino'S Pizza (NYSE:DPZ) have crossed bearishly below their 10-day moving average of $230.30 on a volume of 189K 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, Domino'S Pizza has traded in a range of $120.97 to $236.93 and is now at $227.50, 88% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.22% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Domino'S Pizza on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $218.19. Since that recommendation, shares of Domino'S Pizza have risen 7.0%. We continue to monitor DPZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses domino's pizza

Ticker(s): DPZ