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Dominion Resources Bearish Moving Average Crossover Alert (D)

By Shiri Gupta

Dominion Resources (NYSE:D) shares have crossed bearishly below their 10-day moving average of $77.74 on a volume of 508K 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.

Dominion Resources share prices have moved between a 52-week high of $78.97 and a 52-week low of $64.54 and are now trading 20% above that low price at $77.59 per share. The 200-day and 50-day moving averages have moved 0.08% higher and 0.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Dominion Resources on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.79. Since that recommendation, shares of Dominion Resources have risen 7.4%. We continue to monitor D for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dominion resources

Ticker(s): D