Bearish Moving Average Cross by Ryder System (R)
Today, shares of Ryder System (NYSE:R) have fallen below their 10-day MA of $68.65 on a volume of 118K 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 Ryder System have traded between a low of $45.12 and a high of $97.84 and are now at $67.46, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.4%.
SmarTrend recommended that subscribers consider buying shares of Ryder System on January 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.60. Since that recommendation, shares of Ryder System have risen 31.2%. We continue to monitor R for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ryder system