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Bearish Moving Average Cross by Service International (SCI)

By James Quinn

Today, shares of Service International (NYSE:SCI) have crossed bearishly below their 10-day moving average of $32.05 on a volume of 117K 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, Service International share prices have been bracketed by a low of $20.21 and a high of $33.20 and are now at $31.82, 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Service International on November 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.78. Since that recommendation, shares of Service International have risen 20.2%. We continue to monitor SCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses service international

Ticker(s): SCI