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Chemours Co Bearish Moving Average Crossover Alert (CC)

By Nick Russo

Today, shares of Chemours Co (NYSE:CC) have crossed bearishly below their 10-day moving average of $20.02 on a volume of 408K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Chemours Co has traded in a range of $18.74 to $48.97 and is now at $19.57, 4% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 3.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Chemours Co on July 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $21.55. Since that call, shares of Chemours Co have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses chemours co

Ticker(s): CC