Iron Mountain Crosses Below its 10-day MA (IRM)
Today, shares of Iron Mountain (NYSE:IRM) have fallen below their 10-day MA of $40.87 on a volume of 163K 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.
Iron Mountain share prices have moved between a 52-week high of $41.50 and a 52-week low of $23.64 and are now trading 71% above that low price at $40.33 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.9%.
SmarTrend recommended that subscribers consider buying shares of Iron Mountain on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.60. Since that recommendation, shares of Iron Mountain have risen 6.3%. We continue to monitor IRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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