Mead Johnson Nutrition Crosses Below its 10-day MA (MJN)
Today, shares of Mead Johnson Nutrition (NYSE:MJN) have fallen below their 10-day MA of $86.34 on a volume of 476K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Mead Johnson Nutrition share prices have been bracketed by a low of $65.53 and a high of $98.34 and are now at $85.12, 30% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 1.19% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Mead Johnson Nutrition on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.09. Since that recommendation, shares of Mead Johnson Nutrition have risen 18.2%. We continue to monitor MJN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Mead Johnson Nutrition