• Return to Headlines

Cinemark Holding Crosses Below its 10-day MA (CNK)

By Amy Schwartz

Today, shares of Cinemark Holding (NYSE:CNK) have crossed bearishly below their 10-day moving average of $37.67 on a volume of 124K 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.

In the past 52 weeks, shares of Cinemark Holding have traded between a low of $32.60 and a high of $44.84 and are now at $37.00, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.1%.

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