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Bearish Moving Average Cross by United Technologies (UTX)

By Nick Russo

United Technologies (NYSE:UTX) crossed under its 10-day moving average of $100.11 on a volume of 506K 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, shares of United Technologies have traded between a low of $83.39 and a high of $119.66 and are now at $99.93, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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

Keywords: moving crosses United Technologies

Ticker(s): UTX