Mistras Group Bearish Moving Average Crossover Alert (MG)
Today, shares of Mistras Group (NYSE:MG) have crossed bearishly below their 10-day moving average of $23.21 on a volume of 216K 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, Mistras Group share prices have been bracketed by a low of $12.65 and a high of $26.47 and are now at $22.03, 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.
SmarTrend is monitoring the recent change of momentum in Mistras Group . Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mistras Group in search of a potential trend change.
Keywords: moving crosses mistras group