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Marten Transport Crosses Below its 10-day MA (MRTN)

By Nick Russo

Marten Transport (NASDAQ:MRTN) shares have crossed bearishly below their 10-day moving average of $22.86 on a volume of 197K 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, shares of Marten Transport have traded between a low of $11.22 and a high of $29.60 and are now at $22.00, which is 96% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Marten Transport on December 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.40. Since that recommendation, shares of Marten Transport have risen 14.5%. We continue to monitor MRTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses marten transport

Ticker(s): MRTN