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Clean Harbors Crosses Below its 10-day MA (CLH)

By Shiri Gupta

Clean Harbors (NYSE:CLH) shares have crossed bearishly below their 10-day moving average of $49.22 on a volume of 151K 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, Clean Harbors share prices have been bracketed by a low of $37.09 and a high of $57.86 and are now at $47.42, 28% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.89% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Clean Harbors on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.21. Since that recommendation, shares of Clean Harbors have risen 11.7%. We continue to monitor CLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses clean harbors

Ticker(s): CLH