Korea Electric Power Bearish Moving Average Crossover Alert (KEP)
Korea Electric Power (NYSE:KEP) crossed under its 10-day moving average of $27.62 on a volume of 206K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Korea Electric Power share prices have moved between a 52-week high of $28.37 and a 52-week low of $18.87 and are now trading 44% above that low price at $27.08 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.
SmarTrend recommended that subscribers consider buying shares of Korea Electric Power on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.57. Since that recommendation, shares of Korea Electric Power have risen 4.4%. We continue to monitor KEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses korea electric power