POSCO Crosses Below its 10-day MA (PKX)
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