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EMC Crosses Below its 10-day MA (EMC)

By James Quinn

Today, shares of EMC (NYSE:EMC) have fallen below their 10-day MA of $27.65 on a volume of 3.3 million 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.

Over the past year, EMC has traded in a range of $22.66 to $28.77 and is now at $27.55, 22% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of EMC on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.04. Since that recommendation, shares of EMC have risen 7.0%. We continue to monitor EMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): EMC