Bearish Moving Average Cross by Polaris Industries (PII)
Today, shares of Polaris Industries (NYSE:PII) have fallen below their 10-day MA of $75.21 on a volume of 481K 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, Polaris Industries share prices have been bracketed by a low of $67.80 and a high of $156.35 and are now at $74.71, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that its subscribers protect gains by selling shares of Polaris Industries on August 31st, 2016 by issuing a Downtrend alert when the shares were trading at $86.68. Since that call, shares of Polaris Industries have fallen 10.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses polaris industries