Kinder Morgan Crosses Below its 10-day MA (KMI)
Today, shares of Kinder Morgan (NYSE:KMI) have crossed bearishly below their 10-day moving average of $22.16 on a volume of 3.2 million 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, Kinder Morgan share prices have been bracketed by a low of $11.20 and a high of $43.34 and are now at $21.97, 96% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.7%.
SmarTrend recommended that subscribers consider buying shares of Kinder Morgan on January 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.24. Since that recommendation, shares of Kinder Morgan have risen 47.0%. We continue to monitor KMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Kinder Morgan