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Delek Us Holding Bearish Moving Average Crossover Alert (DK)

By David Diaz

Delek Us Holding (NYSE:DK) crossed under its 10-day moving average of $32.30 on a volume of 325K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Delek Us Holding share prices have been bracketed by a low of $29.51 and a high of $56.36 and are now at $32.19, 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Delek Us Holding on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $39.26. Since that call, shares of Delek Us Holding have fallen 15.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses delek us holding

Ticker(s): DK