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Ferro Corp Bearish Moving Average Crossover Alert (FOE)

By James Quinn

Today, shares of Ferro Corp (NYSE:FOE) have fallen below their 10-day MA of $19.45 on a volume of 152K 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.

Ferro Corp share prices have moved between a 52-week high of $24.72 and a 52-week low of $14.59 and are now trading 30% above that low price at $18.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ferro Corp on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.95. Since that recommendation, shares of Ferro Corp have risen 15.5%. We continue to monitor FOE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ferro corp

Ticker(s): FOE