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Essendant Inc Crosses Below its 10-day MA (ESND)

By David Diaz

Today, shares of Essendant Inc (NASDAQ:ESND) have crossed bearishly below their 10-day moving average of $9.15 on a volume of 324K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Essendant Inc have traded between a low of $7.25 and a high of $32.64 and are now at $7.47, which is 3% above that low price. The 200-day and 50-day moving averages have moved 0.48% lower and 0.79% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Essendant Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Essendant Inc in search of a potential trend change.

Keywords: moving crosses essendant inc

Ticker(s): ESND