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Dominion Resources Bearish Moving Average Crossover Alert (D)

By Shiri Gupta

Dominion Resources (NYSE:D) crossed under its 10-day moving average of $79.88 on a volume of 358K 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.

Over the past year, Dominion Resources has traded in a range of $64.54 to $81.65 and is now at $79.60, 23% above that low. 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 February 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.82. Since that recommendation, shares of Dominion Resources have risen 5.8%. 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