Mead Johnson Nutrition Crosses Below its 10-day MA (MJN)
Mead Johnson Nutrition (NYSE:MJN) crossed under its 10-day moving average of $79.62 on a volume of 262K 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.
Over the past year, Mead Johnson Nutrition has traded in a range of $65.53 to $98.34 and is now at $79.23, 21% above that low. The 200-day and 50-day moving averages have moved 0.06% lower and 1.19% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Mead Johnson Nutrition. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mead Johnson Nutrition in search of a potential trend change.
Keywords: moving crosses Mead Johnson Nutrition