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Dynegy Bearish Moving Average Crossover Alert (DYN)

By James Quinn

Today, shares of Dynegy (NYSE:DYN) have crossed bearishly below their 10-day moving average of $20.18 on a volume of 381K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Dynegy has traded in a range of $7.20 to $34.65 and is now at $19.72, 174% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.8% while the 200-day MA has slid 1.3%.

SmarTrend is monitoring the recent change of momentum in Dynegy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dynegy in search of a potential trend change.

Keywords: moving crosses dynegy

Ticker(s): DYN