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Eaton Vance Crosses Below its 10-day MA (EV)

By Nick Russo

Today, shares of Eaton Vance (NYSE:EV) have fallen below their 10-day MA of $39.75 on a volume of 161K 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.

In the past 52 weeks, shares of Eaton Vance have traded between a low of $26.44 and a high of $43.00 and are now at $39.43, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Eaton Vance on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.22. Since that recommendation, shares of Eaton Vance have risen 10.8%. We continue to monitor EV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Eaton Vance

Ticker(s): EV