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Bearish Moving Average Cross by Mednax Inc (MD)

By James Quinn

Mednax Inc (NYSE:MD) crossed under its 10-day moving average of $46.10 on a volume of 191K 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.

Mednax Inc share prices have moved between a 52-week high of $63.04 and a 52-week low of $40.56 and are now trading 10% above that low price at $44.55 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Mednax Inc on April 11th, 2018 by issuing a Downtrend alert when the shares were trading at $53.36. Since that call, shares of Mednax Inc have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mednax inc

Ticker(s): MD