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ResMed Bearish Moving Average Crossover Alert (RMD)

By Nick Russo

ResMed (NYSE:RMD) shares have crossed bearishly below their 10-day moving average of $60.38 on a volume of 219K 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, ResMed share prices have been bracketed by a low of $48.99 and a high of $66.62 and are now at $59.57, 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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

Keywords: moving crosses resmed

Ticker(s): RMD