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Macquarie Infras Bearish Moving Average Crossover Alert (MIC)

By Amy Schwartz

Macquarie Infras (NYSE:MIC) crossed under its 10-day moving average of $45.77 on a volume of 170K 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, Macquarie Infras share prices have been bracketed by a low of $36.20 and a high of $76.41 and are now at $45.25, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Macquarie Infras on July 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.09. Since that recommendation, shares of Macquarie Infras have risen 4.6%. We continue to monitor MIC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses macquarie infras

Ticker(s): MIC