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Mid-America Apar Bearish Moving Average Crossover Alert (MAA)

By David Diaz

Mid-America Apar (NYSE:MAA) shares have crossed bearishly below their 10-day moving average of $103.36 on a volume of 181K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Mid-America Apar share prices have been bracketed by a low of $85.16 and a high of $110.24 and are now at $101.74, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Mid-America Apar on August 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.63. Since that recommendation, shares of Mid-America Apar have risen 3.1%. We continue to monitor MAA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mid-america apar

Ticker(s): MAA