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Bearish Moving Average Cross by T Rowe Price (TROW)

By David Diaz

Today, shares of T Rowe Price (NASDAQ:TROW) have crossed bearishly below their 10-day moving average of $68.90 on a volume of 298K 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.

T Rowe Price share prices have moved between a 52-week high of $82.50 and a 52-week low of $63.57 and are now trading 8% above that low price at $68.64 per share. The 200-day and 50-day moving averages have moved 0.12% lower and 0.63% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of T Rowe Price on July 26th, 2016 by issuing a Downtrend alert when the shares were trading at $71.34. Since that call, shares of T Rowe Price have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses t rowe price

Ticker(s): TROW