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Bearish Moving Average Cross by ITT (ITT)

By Shiri Gupta

Today, shares of ITT (NYSE:ITT) have fallen below their 10-day MA of $38.81 on a volume of 349K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, ITT has traded in a range of $29.15 to $44.00 and is now at $38.28, 31% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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

Keywords: moving crosses

Ticker(s): ITT