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Bearish Moving Average Cross by Marinemax Inc (HZO)

By Amy Schwartz

Marinemax Inc (NYSE:HZO) crossed under its 10-day moving average of $15.92 on a volume of 103K 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 Marinemax Inc have traded between a low of $13.80 and a high of $23.65 and are now at $15.75, which is 14% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Marinemax Inc on May 4th, 2017 by issuing a Downtrend alert when the shares were trading at $19.90. Since that call, shares of Marinemax Inc have fallen 18.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses marinemax inc

Ticker(s): HZO