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Pentair Bearish Moving Average Crossover Alert (PNR)

By Shiri Gupta

Today, shares of Pentair (NYSE:PNR) have fallen below their 10-day MA of $58.66 on a volume of 191K 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, Pentair share prices have been bracketed by a low of $41.57 and a high of $69.65 and are now at $57.61, 39% above that low price. The 200-day and 50-day moving averages have moved 0.22% lower and 1.44% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Pentair. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pentair in search of a potential trend change.

Keywords: moving crosses pentair

Ticker(s): PNR