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

By Amy Schwartz

Domino's Pizza (NYSE:DPZ) shares have crossed bearishly below their 10-day moving average of $214.61 on a volume of 278K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Domino's Pizza share prices have been bracketed by a low of $99.00 and a high of $219.41 and are now at $214.48, 117% 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 recommended that subscribers consider buying shares of Domino's Pizza on May 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $188.96. Since that recommendation, shares of Domino's Pizza have risen 15.3%. 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