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Manitowoc Co Crosses Below its 10-day MA (MTW)

By Nick Russo

Today, shares of Manitowoc Co (NYSE:MTW) have fallen below their 10-day MA of $26.48 on a volume of 388K 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, Manitowoc Co share prices have been bracketed by a low of $1.42 and a high of $44.03 and are now at $25.38, 1,687% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 1.4%.

SmarTrend is tracking the current trend status for Manitowoc Co and will alert subscribers who have MTW in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses manitowoc co

Ticker(s): MTW