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CH Robinson Worldwide Crosses Below its 10-day MA (CHRW)

By Shiri Gupta

Today, shares of CH Robinson Worldwide (NASDAQ:CHRW) have crossed bearishly below their 10-day moving average of $68.96 on a volume of 1.7 million 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.

CH Robinson Worldwide share prices have moved between a 52-week high of $76.10 and a 52-week low of $59.71 and are now trading 12% above that low price at $66.61 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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