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Bearish Moving Average Cross by Mks Instruments (MKSI)

By Shiri Gupta

Mks Instruments (NASDAQ:MKSI) shares have crossed bearishly below their 10-day moving average of $82.84 on a volume of 123K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Mks Instruments share prices have been bracketed by a low of $39.32 and a high of $128.28 and are now at $82.62, 110% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mks Instruments on July 25th, 2018 by issuing a Downtrend alert when the shares were trading at $91.93. Since that call, shares of Mks Instruments have fallen 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mks instruments

Ticker(s): MKSI