Pearson Crosses Below its 10-day MA (PSO)
Today, shares of Pearson (NYSE:PSO) have fallen below their 10-day MA of $12.19 on a volume of 105K 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.
In the past 52 weeks, Pearson share prices have been bracketed by a low of $9.18 and a high of $21.15 and are now at $11.95, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 1.2%.
SmarTrend recommended that subscribers consider buying shares of Pearson on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.54. Since that recommendation, shares of Pearson have risen 6.5%. We continue to monitor PSO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses pearson