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Roper Industries Bearish Moving Average Crossover Alert (ROP)

By Shiri Gupta

Roper Industries (NYSE:ROP) crossed under its 10-day moving average of $170.64 on a volume of 828K 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 Roper Industries have traded between a low of $150.91 and a high of $195.93 and are now at $161.09, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses roper industries

Ticker(s): ROP