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Olin Corp Bearish Moving Average Crossover Alert (OLN)

By Shiri Gupta

Olin Corp (NYSE:OLN) crossed under its 10-day moving average of $29.80 on a volume of 128K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Olin Corp has traded in a range of $27.68 to $38.84 and is now at $29.44, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in Olin Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Olin Corp in search of a potential trend change.

Keywords: moving crosses olin corp

Ticker(s): OLN