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Bearish Moving Average Cross by Total (TOT)

By Amy Schwartz

Total (NYSE:TOT) shares have crossed bearishly below their 10-day moving average of $49.96 on a volume of 208K 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, Total share prices have been bracketed by a low of $39.05 and a high of $54.53 and are now at $49.48, 27% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Total on April 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.75. Since that recommendation, shares of Total have risen 6.5%. We continue to monitor TOT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Total

Ticker(s): TOT