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Bearish Moving Average Cross by Mednax (MD)

By James Quinn

Mednax (NYSE:MD) shares have crossed bearishly below their 10-day moving average of $55.78 on a volume of 132K 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, Mednax share prices have been bracketed by a low of $53.80 and a high of $86.09 and are now at $55.66, 3% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mednax on April 13th, 2017 by issuing a Downtrend alert when the shares were trading at $67.85. Since that call, shares of Mednax have fallen 17.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mednax

Ticker(s): MD