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Quest Diagnostics Bearish Moving Average Crossover Alert (DGX)

By Shiri Gupta

Quest Diagnostics (NYSE:DGX) shares have crossed bearishly below their 10-day moving average of $85.48 on a volume of 160K 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, shares of Quest Diagnostics have traded between a low of $59.66 and a high of $89.00 and are now at $85.27, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Quest Diagnostics on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.35. Since that recommendation, shares of Quest Diagnostics have risen 31.1%. We continue to monitor DGX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses quest diagnostics

Ticker(s): DGX