• Return to Headlines

Bearish Moving Average Cross by Vector Group (VGR)

By Amy Schwartz

Today, shares of Vector Group (NYSE:VGR) have crossed bearishly below their 10-day moving average of $22.12 on a volume of 279K 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.

Vector Group share prices have moved between a 52-week high of $25.87 and a 52-week low of $19.79 and are now trading 9% above that low price at $21.52 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Vector Group on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.51. Since that recommendation, shares of Vector Group have risen 3.3%. We continue to monitor VGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses vector group

Ticker(s): VGR