China Mobile Crosses Below its 10-day MA (CHL)
Today, shares of China Mobile (NYSE:CHL) have crossed bearishly below their 10-day moving average of $55.60 on a volume of 168K 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 China Mobile have traded between a low of $50.12 and a high of $72.92 and are now at $54.82, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for China Mobile and will alert subscribers who have CHL in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses china mobile