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

By Amy Schwartz

Today, shares of China Mobile (NYSE:CHL) have crossed bearishly below their 10-day moving average of $56.28 on a volume of 159K 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.

China Mobile share prices have moved between a 52-week high of $72.92 and a 52-week low of $50.12 and are now trading 11% above that low price at $55.73 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in China Mobile. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of China Mobile in search of a potential trend change.

Keywords: moving crosses china mobile

Ticker(s): CHL