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Canadian National Railway Bearish Moving Average Crossover Alert (CNI)

By James Quinn

Canadian National Railway (NYSE:CNI) shares have crossed bearishly below their 10-day moving average of $66.56 on a volume of 135K 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, Canadian National Railway has traded in a range of $46.23 to $67.66 and is now at $66.45, 44% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Canadian National Railway and will alert subscribers who have CNI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses canadian national railway

Ticker(s): CNI