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Compass Minerals Crosses Below its 10-day MA (CMP)

By Shiri Gupta

Compass Minerals (NYSE:CMP) shares have crossed bearishly below their 10-day moving average of $67.94 on a volume of 109K shares. Swing traders may find 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 Compass Minerals have traded between a low of $56.50 and a high of $76.65 and are now at $67.75, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Compass Minerals on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.03. Since that recommendation, shares of Compass Minerals have risen 6.8%. We continue to monitor CMP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses compass minerals

Ticker(s): CMP