Bearish Moving Average Cross by Pearson (PSO)
Pearson (NYSE:PSO) shares have crossed bearishly below their 10-day moving average of $9.94 on a volume of 470K 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.
In the past 52 weeks, shares of Pearson have traded between the current low of $9.12 and a high of $21.15 and are now at $9.21. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.2%.
SmarTrend recommended that its subscribers protect gains by selling shares of Pearson on August 29th, 2016 by issuing a Downtrend alert when the shares were trading at $11.25. Since that call, shares of Pearson have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses pearson