Bearish Moving Average Cross by Praxair (PX)
Today, shares of Praxair (NYSE:PX) have crossed bearishly below their 10-day moving average of $111.21 on a volume of 295K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Praxair has traded in a range of $95.60 to $124.17 and is now at $110.31, 15% above that low. The 200-day and 50-day moving averages have moved 0.03% lower and 0.86% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Praxair. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Praxair in search of a potential trend change.
Keywords: moving crosses praxair