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Coty Inc-Cl A Bearish Moving Average Crossover Alert (COTY)

By David Diaz

Today, shares of Coty Inc-Cl A (NYSE:COTY) have crossed bearishly below their 10-day moving average of $13.22 on a volume of 3.7 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Coty Inc-Cl A has traded in a range of $5.91 to $14.87 and is now at $12.60, 113% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Coty Inc-Cl A on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.65. Since that recommendation, shares of Coty Inc-Cl A have risen 75.2%. We continue to monitor COTY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coty inc-cl a

Ticker(s): COTY