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Cooper Tire & Rubber Crosses Below its 10-day MA (CTB)

By Shiri Gupta

Cooper Tire & Rubber (NYSE:CTB) crossed under its 10-day moving average of $43.42 on a volume of 167K 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.

In the past 52 weeks, Cooper Tire & Rubber share prices have been bracketed by a low of $29.29 and a high of $44.50 and are now at $42.75, 46% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend recommended that subscribers consider buying shares of Cooper Tire & Rubber on February 15th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.15. Since that recommendation, shares of Cooper Tire & Rubber have risen 14.4%. 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

Ticker(s): CTB