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Six Flags Entert Bearish Moving Average Crossover Alert (SIX)

By Amy Schwartz

Six Flags Entert (NYSE:SIX) crossed under its 10-day moving average of $54.47 on a volume of 144K 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, Six Flags Entert has traded in a range of $47.61 to $65.19 and is now at $53.82, 13% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Six Flags Entert on July 6th, 2017 by issuing a Downtrend alert when the shares were trading at $58.08. Since that call, shares of Six Flags Entert have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses six flags entert

Ticker(s): SIX