JinkoSolar Bearish Moving Average Crossover Alert (JKS)
JinkoSolar (NYSE:JKS) shares have crossed bearishly below their 10-day moving average of $20.16 on a volume of 145K 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, JinkoSolar has traded in a range of $14.32 to $32.28 and is now at $19.83, 38% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.4%.
SmarTrend is tracking the current trend status for JinkoSolar and will alert subscribers who have JKS in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses jinkosolar