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Sensata Technologies Crosses Below its 10-day MA (ST)

By David Diaz

Sensata Technologies (NYSE:ST) shares have crossed bearishly below their 10-day moving average of $38.57 on a volume of 341K 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.

In the past 52 weeks, Sensata Technologies share prices have been bracketed by a low of $29.92 and a high of $58.57 and are now at $38.06, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Sensata Technologies on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.54. Since that recommendation, shares of Sensata Technologies have risen 13.1%. We continue to monitor ST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sensata technologies

Ticker(s): ST