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Dr Pepper Snapple Crosses Below its 10-day MA (DPS)

By Amy Schwartz

Today, shares of Dr Pepper Snapple (NYSE:DPS) have crossed bearishly below their 10-day moving average of $87.50 on a volume of 129K 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, shares of Dr Pepper Snapple have traded between a low of $72.00 and a high of $98.80 and are now at $87.36, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Dr Pepper Snapple on August 23rd, 2016 by issuing a Downtrend alert when the shares were trading at $94.01. Since that call, shares of Dr Pepper Snapple have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Dr Pepper Snapple

Ticker(s): DPS