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Edwards Life Bearish Moving Average Crossover Alert (EW)

By Nick Russo

Edwards Life (NYSE:EW) crossed under its 10-day moving average of $189.06 on a volume of 136K 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, Edwards Life share prices have been bracketed by a low of $134.53 and a high of $197.86 and are now at $187.20, 39% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Edwards Life on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.72. Since that recommendation, shares of Edwards Life have risen 7.4%. We continue to monitor EW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses edwards life

Ticker(s): EW