Kellogg Bearish Moving Average Crossover Alert (K)
Today, shares of Kellogg (NYSE:K) have fallen below their 10-day MA of $78.06 on a volume of 112K 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.
In the past 52 weeks, shares of Kellogg have traded between a low of $61.13 and a high of $87.16 and are now at $77.71, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.
SmarTrend recommended that its subscribers protect gains by selling shares of Kellogg on August 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $81.26. Since that call, shares of Kellogg have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Kellogg