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Bearish Moving Average Cross by Klx Inc (KLXI)

By James Quinn

Today, shares of Klx Inc (NASDAQ:KLXI) have fallen below their 10-day MA of $72.73 on a volume of 164K 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.

In the past 52 weeks, shares of Klx Inc have traded between a low of $29.28 and a high of $75.93 and are now at $71.93, which is 146% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Klx Inc on February 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.56. Since that recommendation, shares of Klx Inc have risen 5.8%. We continue to monitor KLXI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses klx inc

Ticker(s): KLXI