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Goodyear Tire & Rubber Crosses Below its 10-day MA (GT)

By Nick Russo

Today, shares of Goodyear Tire & Rubber (NYSE:GT) have fallen below their 10-day MA of $27.52 on a volume of 605K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Goodyear Tire & Rubber has traded in a range of $25.50 to $35.30 and is now at $27.27, 7% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Goodyear Tire & Rubber on April 27th, 2016 by issuing a Downtrend alert when the shares were trading at $30.31. Since that call, shares of Goodyear Tire & Rubber have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses goodyear tire & rubber

Ticker(s): GT