Olin Crosses Below its 10-day MA (OLN)
Olin (NYSE:OLN) crossed under its 10-day moving average of $21.54 on a volume of 1.7 million 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, shares of Olin have traded between a low of $12.29 and a high of $31.14 and are now at $20.45, which is 66% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 3.3%.
SmarTrend is tracking the current trend status for Olin and will alert subscribers who have OLN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses olin