Bearish Moving Average Cross by Sealed Air (SEE)
Today, shares of Sealed Air (NYSE:SEE) have fallen below their 10-day MA of $45.80 on a volume of 276K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Sealed Air have traded between a low of $38.02 and a high of $55.84 and are now at $45.31, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.
SmarTrend is tracking the current trend status for Sealed Air and will alert subscribers who have SEE in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses sealed air