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Bearish Moving Average Cross by Dynegy (DYN)

By David Diaz

Today, shares of Dynegy (NYSE:DYN) have fallen below their 10-day MA of $8.42 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Dynegy share prices have moved between a 52-week high of $34.65 and a 52-week low of $5.84 and are now trading 40% above that low price at $8.17 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 5.8%.

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

Keywords: moving crosses dynegy

Ticker(s): DYN