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Bearish Moving Average Cross by Viacom Inc-B (VIAB)

By James Quinn

Viacom Inc-B (NASDAQ:VIAB) shares have crossed bearishly below their 10-day moving average of $22.76 on a volume of 190K 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.

Viacom Inc-B share prices have moved between a 52-week high of $33.92 and a 52-week low of $22.14 and are now trading 1% above that low price at $22.33 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Viacom Inc-B on September 24th, 2019 by issuing a Downtrend alert when the shares were trading at $24.67. Since that call, shares of Viacom Inc-B have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses viacom inc-b

Ticker(s): VIAB