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Bearish Moving Average Cross by SCANA (SCG)

By David Diaz

Today, shares of SCANA (NYSE:SCG) have fallen below their 10-day MA of $65.82 on a volume of 158K 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, SCANA share prices have been bracketed by a low of $49.89 and a high of $76.41 and are now at $65.44, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.

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

Keywords: moving crosses scana

Ticker(s): SCG