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CH Robinson Worldwide Bearish Moving Average Crossover Alert (CHRW)

By Nick Russo

Today, shares of CH Robinson Worldwide (NASDAQ:CHRW) have fallen below their 10-day MA of $70.40 on a volume of 179K 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 CH Robinson Worldwide have traded between a low of $59.71 and a high of $76.10 and are now at $70.10, which is 17% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.14% higher over the past week, respectively.

SmarTrend is tracking the current trend status for CH Robinson Worldwide and will alert subscribers who have CHRW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ch robinson worldwide

Ticker(s): CHRW