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Clearwater Crosses Below its 10-day MA (CLW)

By Amy Schwartz

Clearwater (NYSE:CLW) crossed under its 10-day moving average of $37.20 on a volume of 645K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Clearwater share prices have moved between a 52-week high of $69.75 and the current low of $25.00 and are currently at $25.08 per share. The 200-day and 50-day moving averages have moved 0.15% higher and 3.69% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Clearwater on February 1st, 2018 by issuing a Downtrend alert when the shares were trading at $46.78. Since that call, shares of Clearwater have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses clearwater

Ticker(s): CLW