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Bearish Moving Average Cross by Sanderson Farms (SAFM)

By Shiri Gupta

Today, shares of Sanderson Farms (NASDAQ:SAFM) have crossed bearishly below their 10-day moving average of $105.33 on a volume of 146K 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, shares of Sanderson Farms have traded between a low of $96.80 and a high of $176.43 and are now at $102.94, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Sanderson Farms and will alert subscribers who have SAFM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Sanderson Farms

Ticker(s): SAFM