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Hertz Global Hol Crosses Below its 10-day MA (HTZ)

By Amy Schwartz

Hertz Global Hol (NYSE:HTZ) shares have crossed bearishly below their 10-day moving average of $17.89 on a volume of 2.8 million 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.

In the past 52 weeks, Hertz Global Hol share prices have been bracketed by a low of $8.52 and a high of $52.27 and are now at $17.61, 107% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Hertz Global Hol on June 30th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.72. Since that recommendation, shares of Hertz Global Hol have risen 58.0%. We continue to monitor HTZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hertz global hol

Ticker(s): HTZ