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SEI Investments Bearish Moving Average Crossover Alert (SEIC)

By Nick Russo

Today, shares of SEI Investments (NASDAQ:SEIC) have fallen below their 10-day MA of $51.44 on a volume of 426K 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.

In the past 52 weeks, shares of SEI Investments have traded between a low of $32.01 and a high of $55.48 and are now at $51.25, which is 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of SEI Investments on November 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.22. Since that recommendation, shares of SEI Investments have risen 8.1%. We continue to monitor SEIC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sei investments

Ticker(s): SEIC