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GlaxoSmithKline Bearish Moving Average Crossover Alert (GSK)

By David Diaz

Today, shares of GlaxoSmithKline (NYSE:GSK) have fallen below their 10-day MA of $43.17 on a volume of 516K 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.

Over the past year, GlaxoSmithKline has traded in a range of $37.24 to $46.76 and is now at $43.01, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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

Keywords: moving crosses GlaxoSmithKline

Ticker(s): GSK