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Flotek Industries Bearish Moving Average Crossover Alert (FTK)

By Amy Schwartz

Flotek Industries (NYSE:FTK) shares have crossed bearishly below their 10-day moving average of $12.00 on a volume of 520K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Flotek Industries share prices have been bracketed by a low of $4.90 and a high of $21.72 and are now at $11.40, 133% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.2% while the 200-day MA has slid 0.5%.

SmarTrend is tracking the current trend status for Flotek Industries and will alert subscribers who have FTK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses flotek industries

Ticker(s): FTK