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Diebold Crosses Below its 10-day MA (DBD)

By Amy Schwartz

Diebold (NYSE:DBD) shares have crossed bearishly below their 10-day moving average of $27.11 on a volume of 208K 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, Diebold share prices have been bracketed by a low of $21.05 and a high of $38.94 and are now at $26.70, 27% above that low price. The 200-day and 50-day moving averages have moved 0.6% lower and 0.23% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Diebold on March 14th, 2017 by issuing a Downtrend alert when the shares were trading at $28.70. Since that call, shares of Diebold have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses diebold

Ticker(s): DBD