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Bearish Moving Average Cross by Spirit Aerosys-A (SPR)

By David Diaz

Spirit Aerosys-A (NYSE:SPR) crossed under its 10-day moving average of $89.14 on a volume of 252K 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 Spirit Aerosys-A have traded between a low of $41.27 and a high of $105.20 and are now at $88.42, which is 114% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Spirit Aerosys-A and will alert subscribers who have SPR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses spirit aerosys-a

Ticker(s): SPR