Philips Electronic Crosses Below its 10-day MA (PHG)
Philips Electronic (NYSE:PHG) shares have crossed bearishly below their 10-day moving average of $29.56 on a volume of 484K 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 Philips Electronic have traded between a low of $23.00 and a high of $30.09 and are now at $29.35, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Philips Electronic on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.42. Since that recommendation, shares of Philips Electronic have risen 17.1%. We continue to monitor PHG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses philips electronic