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Bearish Moving Average Cross by Pilgrim'S Pride (PPC)

By Shiri Gupta

Pilgrim'S Pride (NASDAQ:PPC) shares have crossed bearishly below their 10-day moving average of $18.83 on a volume of 358K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Pilgrim'S Pride share prices have moved between a 52-week high of $38.39 and a 52-week low of $16.30 and are now trading 14% above that low price at $18.63 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pilgrim'S Pride on May 31st, 2018 by issuing a Downtrend alert when the shares were trading at $19.89. Since that call, shares of Pilgrim'S Pride have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pilgrim's pride

Ticker(s): PPC