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Dominion Resources Bearish Moving Average Crossover Alert (D)

By Nick Russo

Today, shares of Dominion Resources (NYSE:D) have fallen below their 10-day MA of $77.67 on a volume of 211K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Dominion Resources share prices have been bracketed by a low of $64.54 and a high of $78.97 and are now at $77.36, 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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 6.9%. 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