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Bearish Moving Average Cross by Manpower (MAN)

By Amy Schwartz

Manpower (NYSE:MAN) shares have crossed bearishly below their 10-day moving average of $71.47 on a volume of 211K 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.

Manpower share prices have moved between a 52-week high of $96.87 and a 52-week low of $57.26 and are now trading 24% above that low price at $71.25 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Manpower on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.68. Since that recommendation, shares of Manpower have risen 6.9%. We continue to monitor MAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Manpower

Ticker(s): MAN