Pentair Bearish Moving Average Crossover Alert (PNR)
Pentair (NYSE:PNR) crossed under its 10-day moving average of $65.62 on a volume of 669K 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 Pentair have traded between a low of $41.57 and a high of $69.65 and are now at $65.19, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.2%.
SmarTrend recommended that subscribers consider buying shares of Pentair on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.92. Since that recommendation, shares of Pentair have risen 7.4%. We continue to monitor PNR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses pentair