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POSCO Crosses Below its 10-day MA (PKX)

By Nick Russo

Today, shares of POSCO (NYSE:PKX) have fallen below their 10-day MA of $51.26 on a volume of 146K 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, POSCO share prices have been bracketed by a low of $30.97 and a high of $61.95 and are now at $49.70, 60% 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 risen 0.3%.

SmarTrend is tracking the current trend status for POSCO and will alert subscribers who have PKX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses posco

Ticker(s): PKX