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Core Laboratories Crosses Below its 10-day MA (CLB)

By James Quinn

Core Laboratories (NYSE:CLB) crossed under its 10-day moving average of $122.49 on a volume of 132K 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, Core Laboratories share prices have been bracketed by a low of $84.50 and a high of $135.49 and are now at $120.70, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.4%.

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

Keywords: moving crosses core laboratories

Ticker(s): CLB