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Bemis Co Bearish Moving Average Crossover Alert (BMS)

By James Quinn

Bemis Co (NYSE:BMS) shares have crossed bearishly below their 10-day moving average of $58.02 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.

Over the past year, Bemis Co has traded in a range of $40.86 to $59.85 and is now at $57.84, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Bemis Co on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.17. Since that recommendation, shares of Bemis Co have risen 25.2%. We continue to monitor BMS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bemis co

Ticker(s): BMS