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Bearish Moving Average Cross by Huntsman Corp (HUN)

By Amy Schwartz

Huntsman Corp (NYSE:HUN) crossed under its 10-day moving average of $24.11 on a volume of 207K 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.

Huntsman Corp share prices have moved between a 52-week high of $33.58 and a 52-week low of $17.58 and are now trading 36% above that low price at $23.95 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.3%.

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

Keywords: moving crosses huntsman corp

Ticker(s): HUN