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Manitowoc Crosses Below its 10-day MA (MTW)

By Nick Russo

Manitowoc (NYSE:MTW) crossed under its 10-day moving average of $5.98 on a volume of 247K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Manitowoc has traded in a range of $3.65 to $20.72 and is now at $5.83, 60% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 11.5%.

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

Keywords: moving crosses manitowoc

Ticker(s): MTW