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Bearish Moving Average Cross by Smith & Nephew (SNN)

By Nick Russo

Today, shares of Smith & Nephew (NYSE:SNN) have crossed bearishly below their 10-day moving average of $33.97 on a volume of 289K 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 Smith & Nephew have traded between a low of $30.23 and a high of $37.84 and are now at $33.19, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses smith & nephew

Ticker(s): SNN