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Martin Marietta Materials Bearish Moving Average Crossover Alert (MLM)

By David Diaz

Today, shares of Martin Marietta Materials (NYSE:MLM) have fallen below their 10-day MA of $180.62 on a volume of 274K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Martin Marietta Materials share prices have moved between a 52-week high of $206.36 and a 52-week low of $108.31 and are now trading 66% above that low price at $179.91 per share. The 200-day and 50-day moving averages have moved 0.19% higher and 1.69% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Martin Marietta Materials on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $188.92. Since that call, shares of Martin Marietta Materials have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Martin Marietta Materials

Ticker(s): MLM