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Bearish Moving Average Cross by Madison Square-A (MSG)

By Nick Russo

Madison Square-A (NYSE:MSG) shares have crossed bearishly below their 10-day moving average of $288.70 on a volume of 404K 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, Madison Square-A has traded in a range of $240.33 to $317.70 and is now at $273.50, 14% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 0.23% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Madison Square-A and will alert subscribers who have MSG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses madison square-a

Ticker(s): MSG