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Cons Edison Inc Crosses Below its 10-day MA (ED)

By James Quinn

Today, shares of Cons Edison Inc (NYSE:ED) have crossed bearishly below their 10-day moving average of $84.37 on a volume of 111K 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 Cons Edison Inc have traded between a low of $71.12 and a high of $85.57 and are now at $84.26, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Cons Edison Inc on February 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.99. Since that recommendation, shares of Cons Edison Inc have risen 7.2%. We continue to monitor ED for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cons edison inc

Ticker(s): ED