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Bearish Moving Average Cross by Mondelez Inter-A (MDLZ)

By Nick Russo

Today, shares of Mondelez Inter-A (NASDAQ:MDLZ) have crossed bearishly below their 10-day moving average of $55.62 on a volume of 1.1 million 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, shares of Mondelez Inter-A have traded between a low of $37.42 and a high of $56.87 and are now at $55.31, which is 48% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Mondelez Inter-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mondelez Inter-A in search of a potential trend change.

Keywords: moving crosses mondelez inter-a

Ticker(s): MDLZ