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Berry Global Gro Bearish Moving Average Crossover Alert (BERY)

By Nick Russo

Berry Global Gro (NYSE:BERY) crossed under its 10-day moving average of $54.40 on a volume of 121K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Berry Global Gro have traded between a low of $40.50 and a high of $57.00 and are now at $54.06, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Berry Global Gro on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.30. Since that recommendation, shares of Berry Global Gro have risen 8.4%. We continue to monitor BERY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses berry global gro

Ticker(s): BERY