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Bearish Moving Average Cross by Goodyear Tire (GT)

By Shiri Gupta

Today, shares of Goodyear Tire (NASDAQ:GT) have crossed bearishly below their 10-day moving average of $24.48 on a volume of 432K 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.

In the past 52 weeks, Goodyear Tire share prices have been bracketed by a low of $20.75 and a high of $36.07 and are now at $24.24, 17% above that low price. The 200-day and 50-day moving averages have moved 0.61% lower and 0.01% lower over the past week, respectively.

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

Keywords: moving crosses Goodyear Tire

Ticker(s): GT