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Berry Global Gro Crosses Below its 10-day MA (BERY)

By Amy Schwartz

Berry Global Gro (NYSE:BERY) crossed under its 10-day moving average of $57.51 on a volume of 192K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Berry Global Gro has traded in a range of $34.98 to $58.95 and is now at $57.14, 63% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Berry Global Gro on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.33. Since that recommendation, shares of Berry Global Gro have risen 14.5%. 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