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Kar Auction Serv Bearish Moving Average Crossover Alert (KAR)

By Shiri Gupta

Kar Auction Serv (NYSE:KAR) crossed under its 10-day moving average of $63.28 on a volume of 229K 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.

Kar Auction Serv share prices have moved between a 52-week high of $64.55 and a 52-week low of $45.11 and are now trading 37% above that low price at $61.81 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of Kar Auction Serv on May 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.17. Since that recommendation, shares of Kar Auction Serv have risen 17.4%. We continue to monitor KAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kar auction serv

Ticker(s): KAR