Jabil Circuit Crosses Below its 10-day MA (JBL)
Jabil Circuit (NYSE:JBL) crossed under its 10-day moving average of $18.46 on a volume of 485K 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, Jabil Circuit has traded in a range of $16.78 to $26.00 and is now at $18.21, 9% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.3%.
SmarTrend is tracking the current trend status for Jabil Circuit and will alert subscribers who have JBL in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Jabil Circuit