• Return to Headlines

Colfax Bearish Moving Average Crossover Alert (CFX)

By David Diaz

Colfax (NYSE:CFX) crossed under its 10-day moving average of $39.88 on a volume of 153K 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.

Over the past year, Colfax has traded in a range of $18.22 to $53.17 and is now at $39.06, 114% above that low. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Colfax on January 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.00. Since that recommendation, shares of Colfax have risen 3.0%. We continue to monitor CFX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses colfax

Ticker(s): CFX