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Equifax Bearish Moving Average Crossover Alert (EFX)

By Amy Schwartz

Today, shares of Equifax (NYSE:EFX) have fallen below their 10-day MA of $136.10 on a volume of 104K 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, Equifax has traded in a range of $90.94 to $139.89 and is now at $135.47, 49% above that low. The 200-day and 50-day moving averages have moved 0.40% higher and 1.23% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Equifax on February 8th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $121.51. Since that recommendation, shares of Equifax have risen 12.3%. We continue to monitor EFX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses equifax

Ticker(s): EFX