Bearish Moving Average Cross by Equifax (EFX)
Today, shares of Equifax (NYSE:EFX) have crossed bearishly below their 10-day moving average of $134.98 on a volume of 178K 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.
Equifax share prices have moved between a 52-week high of $136.97 and a 52-week low of $90.94 and are now trading 48% above that low price at $134.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.4%.
SmarTrend recommended that subscribers consider buying shares of Equifax on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.75. Since that recommendation, shares of Equifax have risen 32.4%. We continue to monitor EFX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses equifax