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Bearish Moving Average Cross by Greenbrier Cos (GBX)

By Amy Schwartz

Greenbrier Cos (NYSE:GBX) shares have crossed bearishly below their 10-day moving average of $28.96 on a volume of 242K 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, Greenbrier Cos share prices have been bracketed by a low of $19.89 and a high of $64.45 and are now at $27.42, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.2%.

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

Keywords: moving crosses greenbrier cos

Ticker(s): GBX