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

By David Diaz

Today, shares of Carbo Ceramics (NYSE:CRR) have fallen below their 10-day MA of $8.06 on a volume of 162K 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, Carbo Ceramics has traded in a range of $5.66 to $16.70 and is now at $7.80, 38% above that low. The 200-day and 50-day moving averages have moved 2.12% lower and 2.12% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Carbo Ceramics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Carbo Ceramics in search of a potential trend change.

Keywords: moving crosses carbo ceramics

Ticker(s): CRR