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Bearish Moving Average Cross by Greenbrier Cos (GBX)

By Nick Russo

Greenbrier Cos (NYSE:GBX) crossed under its 10-day moving average of $47.96 on a volume of 151K 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, Greenbrier Cos has traded in a range of $25.90 to $51.25 and is now at $46.85, 81% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 1.1%.

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