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Sanderson Farms Crosses Below its 10-day MA (SAFM)

By Amy Schwartz

Today, shares of Sanderson Farms (NASDAQ:SAFM) have fallen below their 10-day MA of $107.01 on a volume of 122K 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.

Sanderson Farms share prices have moved between a 52-week high of $176.43 and a 52-week low of $95.97 and are now trading 11% above that low price at $106.73 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 1%.

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

Keywords: moving crosses Sanderson Farms

Ticker(s): SAFM