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Bearish Moving Average Cross by Pan American Silver (PAAS)

By Nick Russo

Pan American Silver (NASDAQ:PAAS) shares have crossed bearishly below their 10-day moving average of $16.36 on a volume of 434K 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.

Pan American Silver share prices have moved between a 52-week high of $21.59 and a 52-week low of $5.38 and are now trading 202% above that low price at $16.25 per share. Over the past week, the 200-day moving average (MA) has gone up 1.9% while the 50-day MA has advanced 3.8%.

SmarTrend is tracking the current trend status for Pan American Silver and will alert subscribers who have PAAS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pan american silver

Ticker(s): PAAS