Diageo Crosses Below its 10-day MA (DEO)
Today, shares of Diageo (NYSE:DEO) have crossed bearishly below their 10-day moving average of $114.07 on a volume of 145K 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, shares of Diageo have traded between a low of $99.59 and a high of $122.23 and are now at $113.35, which is 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.
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 5.8%. We continue to monitor DEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses diageo