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Kayne Anderson MLP Investment Bearish Moving Average Crossover Alert (KYN)

By Amy Schwartz

Today, shares of Kayne Anderson MLP Investment (NYSE:KYN) have crossed bearishly below their 10-day moving average of $19.81 on a volume of 176K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Kayne Anderson MLP Investment have traded between a low of $10.10 and a high of $35.90 and are now at $19.63, which is 94% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Kayne Anderson MLP Investment and will alert subscribers who have KYN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses kayne anderson mlp investment

Ticker(s): KYN