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Equifax Crosses Below its 10-day MA (EFX)

By James Quinn

Equifax (NYSE:EFX) shares have crossed bearishly below their 10-day moving average of $125.50 on a volume of 162K 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 Equifax have traded between a low of $90.94 and a high of $126.51 and are now at $125.07, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Equifax on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.75. Since that recommendation, shares of Equifax have risen 22.5%. 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