Gannett Bearish Moving Average Crossover Alert (GCI)
Gannett (NYSE:GCI) crossed under its 10-day moving average of $14.07 on a volume of 276K 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.
Over the past year, Gannett has traded in a range of $10.75 to $17.91 and is now at $13.49, 25% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.
SmarTrend recommended that its subscribers protect gains by selling shares of Gannett on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $15.55. Since that call, shares of Gannett have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Gannett