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Huntsman Corp Crosses Below its 10-day MA (HUN)

By David Diaz

Today, shares of Huntsman Corp (NYSE:HUN) have fallen below their 10-day MA of $32.48 on a volume of 320K 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, Huntsman Corp has traded in a range of $24.51 to $36.09 and is now at $32.05, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Huntsman Corp on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.28. Since that recommendation, shares of Huntsman Corp have risen 4.4%. We continue to monitor HUN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses huntsman corp

Ticker(s): HUN