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Olin Corp Crosses Below its 10-day MA (OLN)

By Nick Russo

Olin Corp (NYSE:OLN) crossed under its 10-day moving average of $30.10 on a volume of 717K 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.

In the past 52 weeks, Olin Corp share prices have been bracketed by a low of $18.24 and a high of $38.84 and are now at $29.54, 62% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 3.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Olin Corp on February 7th, 2018 by issuing a Downtrend alert when the shares were trading at $34.53. Since that call, shares of Olin Corp have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses olin corp

Ticker(s): OLN