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Pentair Bearish Moving Average Crossover Alert (PNR)

By Shiri Gupta

Pentair (NYSE:PNR) shares have crossed bearishly below their 10-day moving average of $66.22 on a volume of 174K 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, Pentair has traded in a range of $41.57 to $69.65 and is now at $65.98, 59% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Pentair on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.54. Since that recommendation, shares of Pentair have risen 11.8%. We continue to monitor PNR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pentair

Ticker(s): PNR