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Msc Indl Direct Bearish Moving Average Crossover Alert (MSM)

By David Diaz

Today, shares of Msc Indl Direct (NYSE:MSM) have crossed bearishly below their 10-day moving average of $68.07 on a volume of 253K 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, Msc Indl Direct share prices have been bracketed by a low of $64.59 and a high of $90.25 and are now at $67.89, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Msc Indl Direct and will alert subscribers who have MSM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses msc indl direct

Ticker(s): MSM