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Bearish Moving Average Cross by JinkoSolar (JKS)

By Amy Schwartz

Today, shares of JinkoSolar (NYSE:JKS) have crossed bearishly below their 10-day moving average of $17.20 on a volume of 190K 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, JinkoSolar has traded in a range of $12.72 to $32.28 and is now at $17.01, 34% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.5%.

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

Keywords: moving crosses jinkosolar

Ticker(s): JKS