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Bearish Moving Average Cross by Stericycle Inc (SRCL)

By David Diaz

Stericycle Inc (NASDAQ:SRCL) shares have crossed bearishly below their 10-day moving average of $56.94 on a volume of 453K 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, Stericycle Inc share prices have been bracketed by a low of $34.36 and a high of $71.30 and are now at $55.11, 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Stericycle Inc and will alert subscribers who have SRCL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses stericycle inc

Ticker(s): SRCL