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China Mobile Crosses Below its 10-day MA (CHL)

By Shiri Gupta

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

Ticker(s): CHL