Bearish Moving Average Cross by Philips Electronic (PHG)
Today, shares of Philips Electronic (NYSE:PHG) have fallen below their 10-day MA of $29.13 on a volume of 252K 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 Philips Electronic have traded between a low of $23.00 and a high of $30.09 and are now at $28.85, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Philips Electronic on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.42. Since that recommendation, shares of Philips Electronic have risen 15.1%. We continue to monitor PHG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses philips electronic