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Scotts Miracle Bearish Moving Average Crossover Alert (SMG)

By David Diaz

Today, shares of Scotts Miracle (NYSE:SMG) have fallen below their 10-day MA of $81.18 on a volume of 162K 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.

Over the past year, Scotts Miracle has traded in a range of $57.96 to $91.81 and is now at $78.56, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Scotts Miracle on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.51. Since that recommendation, shares of Scotts Miracle have risen 25.0%. We continue to monitor SMG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses scotts miracle

Ticker(s): SMG