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Kinder Morgan Bearish Moving Average Crossover Alert (KMI)

By David Diaz

Today, shares of Kinder Morgan (NYSE:KMI) have crossed bearishly below their 10-day moving average of $18.96 on a volume of 3.0 million 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.

Kinder Morgan share prices have moved between a 52-week high of $43.34 and a 52-week low of $11.20 and are now trading 67% above that low price at $18.67 per share. The 200-day and 50-day moving averages have moved 1.66% lower and 0.14% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Kinder Morgan on March 9th, 2017 by issuing a Downtrend alert when the shares were trading at $21.10. Since that call, shares of Kinder Morgan have fallen 9.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Kinder Morgan

Ticker(s): KMI