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Jacobs Engineering Group Bearish Moving Average Crossover Alert (JEC)

By Nick Russo

Jacobs Engineering Group (NYSE:JEC) shares have crossed bearishly below their 10-day moving average of $50.77 on a volume of 164K 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, Jacobs Engineering Group has traded in a range of $34.76 to $55.89 and is now at $49.71, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Jacobs Engineering Group and will alert subscribers who have JEC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses jacobs engineering group

Ticker(s): JEC