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Greenbrier Cos Crosses Below its 10-day MA (GBX)

By Amy Schwartz

Today, shares of Greenbrier Cos (NYSE:GBX) have crossed bearishly below their 10-day moving average of $37.25 on a volume of 216K 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, Greenbrier Coshas traded in a range of $33.75 to $64.87 and are now at $33.75. The 200-day and 50-day moving averages have moved 0.5% lower and 0.68% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Greenbrier Cos on March 6th, 2019 by issuing a Downtrend alert when the shares were trading at $39.24. Since that call, shares of Greenbrier Cos have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses greenbrier cos

Ticker(s): GBX