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Bearish Moving Average Cross by Patterson (PDCO)

By Nick Russo

Today, shares of Patterson (NASDAQ:PDCO) have crossed bearishly below their 10-day moving average of $46.08 on a volume of 423K 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 Patterson have traded between a low of $38.51 and a high of $53.07 and are now at $45.74, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

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

Keywords: moving crosses patterson

Ticker(s): PDCO