Bearish Moving Average Cross by Roche Holding (RHHBY)
Today, shares of Roche Holding (NASDAQ:RHHBY) have crossed bearishly below their 10-day moving average of $33.20 on a volume of 114K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Roche Holding share prices have moved between a 52-week high of $76.51 and a 52-week low of $29.89 and are now trading 9% above that low price at $32.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.
SmarTrend recommended that subscribers consider buying shares of Roche Holding on May 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.06. Since that recommendation, shares of Roche Holding have risen 4.1%. We continue to monitor RHHBY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses roche holding