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Crown Holdings Crosses Below its 10-day MA (CCK)

By James Quinn

Today, shares of Crown Holdings (NYSE:CCK) have crossed bearishly below their 10-day moving average of $53.09 on a volume of 226K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Crown Holdings share prices have moved between a 52-week high of $57.08 and a 52-week low of $43.30 and are now trading 22% above that low price at $52.63 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Crown Holdings on March 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.60. Since that recommendation, shares of Crown Holdings have risen 10.3%. We continue to monitor CCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses crown holdings

Ticker(s): CCK