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Macerich Bearish Moving Average Crossover Alert (MAC)

By Amy Schwartz

Macerich (NYSE:MAC) crossed under its 10-day moving average of $58.51 on a volume of 205K 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.

Macerich share prices have moved between a 52-week high of $94.51 and a 52-week low of $56.42 and are now trading 2% above that low price at $57.75 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Macerich on January 30th, 2017 by issuing a Downtrend alert when the shares were trading at $67.60. Since that call, shares of Macerich have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses macerich

Ticker(s): MAC