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Bearish Moving Average Cross by Macerich (MAC)

By David Diaz

Today, shares of Macerich (NYSE:MAC) have crossed bearishly below their 10-day moving average of $58.17 on a volume of 317K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Macerich share prices have been bracketed by a low of $56.06 and a high of $94.51 and are now at $57.29, 2% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Macerich on January 30th, 2017 by issuing a Downtrend alert when the shares were trading at $67.60. Since that call, shares of Macerich have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses macerich

Ticker(s): MAC