Kinder Morgan Crosses Below its 10-day MA (KMI)
Kinder Morgan (NYSE:KMI) crossed under its 10-day moving average of $18.34 on a volume of 3.1 million shares. Swing traders may find an opportunity 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 62% above that low price at $18.13 per share. 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 22.7%. 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