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Mcbc Holdings In Crosses Below its 10-day MA (MCFT)

By Nick Russo

Today, shares of Mcbc Holdings In (NASDAQ:MCFT) have crossed bearishly below their 10-day moving average of $15.94 on a volume of 717K 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, Mcbc Holdings In share prices have been bracketed by a low of $13.33 and a high of $39.50 and are now at $14.46, 8% above that low price. The 200-day and 50-day moving averages have moved 1.17% lower and 2.36% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Mcbc Holdings In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mcbc Holdings In in search of a potential trend change.

Keywords: moving crosses mcbc holdings in

Ticker(s): MCFT