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Pattern Ener Crosses Below its 10-day MA (PEGI)

By Shiri Gupta

Pattern Ener (NASDAQ:PEGI) shares have crossed bearishly below their 10-day moving average of $26.48 on a volume of 155K 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, Pattern Ener has traded in a range of $17.23 to $28.09 and is now at $25.84, 50% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Pattern Ener and will alert subscribers who have PEGI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pattern ener

Ticker(s): PEGI