Darling International Bearish Moving Average Crossover Alert (DAR)
Darling International (AMEX:DAR) shares have crossed bearishly below their 10-day moving average of $14.28 on a volume of 1.3 million 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.
Over the past year, Darling International has traded in a range of $7.78 to $16.22 and is now at $14.16, 82% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.7% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Darling International on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.01. Since that recommendation, shares of Darling International have risen 31.8%. We continue to monitor DAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses amex:dar darling international