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

By Amy Schwartz

Today, shares of Crown Holdings (NYSE:CCK) have fallen below their 10-day MA of $54.03 on a volume of 222K 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, Crown Holdings share prices have been bracketed by a low of $43.30 and a high of $57.08 and are now at $53.56, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

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 11.6%. 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