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Cinemark Holding Bearish Moving Average Crossover Alert (CNK)

By David Diaz

Cinemark Holding (NYSE:CNK) shares have crossed bearishly below their 10-day moving average of $38.25 on a volume of 141K 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 Cinemark Holding have traded between a low of $34.49 and a high of $43.51 and are now at $38.13, which is 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Cinemark Holding and will alert subscribers who have CNK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cinemark holding

Ticker(s): CNK