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Kirby Bearish Moving Average Crossover Alert (KEX)

By Amy Schwartz

Today, shares of Kirby (NYSE:KEX) have fallen below their 10-day MA of $69.72 on a volume of 215K 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.

In the past 52 weeks, Kirby share prices have been bracketed by a low of $44.63 and a high of $84.05 and are now at $66.73, 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Kirby on January 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.33. Since that recommendation, shares of Kirby have risen 41.5%. We continue to monitor KEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kirby

Ticker(s): KEX