Bearish Moving Average Cross by Unilever (UN)
Today, shares of Unilever (NYSE:UN) have fallen below their 10-day MA of $45.83 on a volume of 398K 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, Unilever share prices have been bracketed by a low of $37.93 and a high of $47.30 and are now at $45.06, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Unilever and will alert subscribers who have UN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Unilever