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Martin Mar Mtls Crosses Below its 10-day MA (MLM)

By Shiri Gupta

Today, shares of Martin Mar Mtls (NYSE:MLM) have fallen below their 10-day MA of $227.48 on a volume of 130K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Martin Mar Mtls share prices have moved between a 52-week high of $232.81 and a 52-week low of $150.75 and are now trading 49% above that low price at $224.94 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Martin Mar Mtls on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.83. Since that recommendation, shares of Martin Mar Mtls have risen 27.7%. We continue to monitor MLM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses martin mar mtls

Ticker(s): MLM