Bearish Moving Average Cross by Macerich (MAC)
Macerich (NYSE:MAC) shares have crossed bearishly below their 10-day moving average of $82.14 on a volume of 137K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Macerich share prices have moved between a 52-week high of $94.51 and a 52-week low of $71.82 and are now trading 12% above that low price at $80.44 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Macerich and will alert subscribers who have MAC in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses macerich