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Bearish Moving Average Cross by Olin Corp (OLN)

By Amy Schwartz

Today, shares of Olin Corp (NYSE:OLN) have fallen below their 10-day MA of $18.45 on a volume of 536K 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.

Over the past year, Olin Corp has traded in a range of $15.38 to $30.96 and is now at $18.22, 18% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 1.43% lower over the past week, respectively.

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

Keywords: moving crosses olin corp

Ticker(s): OLN