Ryland Group Bearish Moving Average Crossover Alert (RYL)
Today, shares of Ryland Group (NYSE:RYL) have crossed bearishly below their 10-day moving average of $35.29 on a volume of 169K 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.
Over the past year, Ryland Group has traded in a range of $25.58 to $50.42 and is now at $34.86, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Ryland Group on June 21st, 2013 by issuing a Downtrend alert when the shares were trading at $37.96. Since that call, shares of Ryland Group have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses ryland group