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Carbo Ceramics Crosses Below its 10-day MA (CRR)

By Shiri Gupta

Carbo Ceramics (NYSE:CRR) shares have crossed bearishly below their 10-day moving average of $7.37 on a volume of 160K 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.

In the past 52 weeks, shares of Carbo Ceramics have traded between a low of $5.66 and a high of $16.70 and are now at $7.18, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Carbo Ceramics on January 26th, 2018 by issuing a Downtrend alert when the shares were trading at $9.59. Since that call, shares of Carbo Ceramics have fallen 21.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses carbo ceramics

Ticker(s): CRR