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Mondelez Inter-A Bearish Moving Average Crossover Alert (MDLZ)

By Nick Russo

Today, shares of Mondelez Inter-A (NASDAQ:MDLZ) have crossed bearishly below their 10-day moving average of $55.04 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Mondelez Inter-A has traded in a range of $37.42 to $55.68 and is now at $54.81, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Mondelez Inter-A on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.69. Since that recommendation, shares of Mondelez Inter-A have risen 33.1%. We continue to monitor MDLZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mondelez inter-a

Ticker(s): MDLZ