KT Crosses Below its 10-day MA (KT)
Today, shares of KT (NYSE:KT) have crossed bearishly below their 10-day moving average of $14.46 on a volume of 522K 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, KT share prices have been bracketed by a low of $10.81 and a high of $14.90 and are now at $14.10, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.
SmarTrend recommended that subscribers consider buying shares of KT on March 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.51. Since that recommendation, shares of KT have risen 17.6%. We continue to monitor KT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses