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Ryder System Inc Crosses Below its 10-day MA (R)

By James Quinn

Ryder System Inc (NYSE:R) shares have crossed bearishly below their 10-day moving average of $73.77 on a volume of 305K 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.

Ryder System Inc share prices have moved between a 52-week high of $90.26 and a 52-week low of $56.98 and are now trading 29% above that low price at $73.57 per share. The 200-day and 50-day moving averages have moved 0.7% lower and 1.40% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Ryder System Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ryder System Inc in search of a potential trend change.

Keywords: moving crosses ryder system inc

Ticker(s): R