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Consolidated Edison Crosses Below its 10-day MA (ED)

By James Quinn

Consolidated Edison (NYSE:ED) shares have crossed bearishly below their 10-day moving average of $75.28 on a volume of 573K 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 Consolidated Edison have traded between a low of $56.86 and a high of $81.88 and are now at $74.34, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Consolidated Edison and will alert subscribers who have ED in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Consolidated Edison

Ticker(s): ED