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Bearish Moving Average Cross by Gaslog Ltd (GLOG)

By Amy Schwartz

Today, shares of Gaslog Ltd (NYSE:GLOG) have crossed bearishly below their 10-day moving average of $17.62 on a volume of 234K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Gaslog Ltd have traded between a low of $11.58 and a high of $22.55 and are now at $17.35, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 2.8%.

SmarTrend is monitoring the recent change of momentum in Gaslog Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gaslog Ltd in search of a potential trend change.

Keywords: moving crosses gaslog ltd

Ticker(s): GLOG