Bearish Moving Average Cross by Mednax (MD)
Mednax (NYSE:MD) crossed under its 10-day moving average of $66.38 on a volume of 112K shares. Swing traders may find 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 Mednax have traded between a low of $61.40 and a high of $86.09 and are now at $66.04, which is 8% above that low price. The 200-day and 50-day moving averages have moved 0.23% lower and 0.37% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Mednax and will alert subscribers who have MD in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses mednax