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Bearish Moving Average Cross by Graco Inc (GGG)

By David Diaz

Today, shares of Graco Inc (NYSE:GGG) have fallen below their 10-day MA of $50.36 on a volume of 205K 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.

Over the past year, Graco Inc has traded in a range of $37.36 to $53.91 and is now at $47.84, 28% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: moving crosses graco inc

Ticker(s): GGG