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Bearish Moving Average Cross by SCANA (SCG)

By Amy Schwartz

SCANA (NYSE:SCG) shares have crossed bearishly below their 10-day moving average of $70.13 on a volume of 111K 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 SCANA have traded between a low of $49.89 and a high of $71.27 and are now at $70.01, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 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