Diageo Bearish Moving Average Crossover Alert (DEO)
Diageo (NYSE:DEO) crossed under its 10-day moving average of $113.03 on a volume of 151K 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.
Over the past year, Diageo has traded in a range of $99.59 to $122.23 and is now at $112.53, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.
SmarTrend recommended that subscribers consider buying shares of Diageo on June 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.15. Since that recommendation, shares of Diageo have risen 5.2%. We continue to monitor DEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses diageo