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Bearish Moving Average Cross by Kansas City Southern (KSU)

By Shiri Gupta

Kansas City Southern (NYSE:KSU) shares have crossed bearishly below their 10-day moving average of $91.23 on a volume of 163K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Kansas City Southern share prices have moved between a 52-week high of $104.74 and a 52-week low of $62.20 and are now trading 45% above that low price at $90.32 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Kansas City Southern on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.51. Since that recommendation, shares of Kansas City Southern have risen 3.2%. We continue to monitor KSU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kansas city southern

Ticker(s): KSU