CH Robinson Worldwide Bearish Moving Average Crossover Alert (CHRW)
CH Robinson Worldwide (NASDAQ:CHRW) shares have crossed bearishly below their 10-day moving average of $74.05 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, CH Robinson Worldwide has traded in a range of $59.71 to $76.10 and is now at $70.83, 19% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.
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