Bearish Moving Average Cross by JM Smucker (SJM)
Today, shares of JM Smucker (NYSE:SJM) have fallen below their 10-day MA of $136.96 on a volume of 108K 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.
Over the past year, JM Smucker has traded in a range of $104.30 to $157.31 and is now at $136.73, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of JM Smucker on August 23rd, 2016 by issuing a Downtrend alert when the shares were trading at $146.18. Since that call, shares of JM Smucker have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses jm smucker