Cooper Tire & Rubber Bearish Moving Average Crossover Alert (CTB)
Cooper Tire & Rubber (NYSE:CTB) shares have crossed bearishly below their 10-day moving average of $38.20 on a volume of 119K 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, Cooper Tire & Rubber has traded in a range of $29.29 to $43.40 and is now at $37.52, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Cooper Tire & Rubber on July 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.88. Since that recommendation, shares of Cooper Tire & Rubber have risen 17.0%. We continue to monitor CTB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses cooper tire & rubber