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Motorola Solutions Crosses Below its 10-day MA (MSI)

By James Quinn

Today, shares of Motorola Solutions (NYSE:MSI) have crossed bearishly below their 10-day moving average of $65.63 on a volume of 121K 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.

Over the past year, Motorola Solutions has traded in a range of $56.40 to $76.83 and is now at $64.97, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Motorola Solutions on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $70.38. Since that call, shares of Motorola Solutions have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses motorola solutions

Ticker(s): MSI