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Bearish Moving Average Cross by Swift Transporta (SWFT)

By James Quinn

Swift Transporta (NYSE:SWFT) crossed under its 10-day moving average of $26.79 on a volume of 283K shares. Swing traders may find 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 Swift Transporta have traded between a low of $14.31 and a high of $27.67 and are now at $26.53, which is 85% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Swift Transporta on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.53. Since that recommendation, shares of Swift Transporta have risen 9.9%. We continue to monitor SWFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses swift transporta

Ticker(s): SWFT