Cincinnati Bell Crosses Below its 10-day MA (CBB)
Today, shares of Cincinnati Bell (NYSE:CBB) have fallen below their 10-day MA of $5.40 on a volume of 2.0 million shares. Swing traders may find 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 Cincinnati Bell have traded between a low of $3.15 and a high of $5.89 and are now at $5.29, which is 68% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Cincinnati Bell. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cincinnati Bell in search of a potential trend change.
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