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Danaher Corp Crosses Below its 10-day MA (DHR)

By Shiri Gupta

Today, shares of Danaher Corp (NYSE:DHR) have fallen below their 10-day MA of $141.39 on a volume of 314K 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, Danaher Corp share prices have been bracketed by a low of $94.59 and a high of $144.57 and are now at $140.27, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Danaher Corp on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.21. Since that recommendation, shares of Danaher Corp have risen 39.1%. We continue to monitor DHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Danaher Corp

Ticker(s): DHR