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Smith & Nephew Bearish Moving Average Crossover Alert (SNN)

By Amy Schwartz

Smith & Nephew (NYSE:SNN) shares have crossed bearishly below their 10-day moving average of $34.48 on a volume of 428K 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, Smith & Nephew share prices have been bracketed by a low of $30.23 and a high of $37.84 and are now at $33.09, 9% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.30% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Smith & Nephew and will alert subscribers who have SNN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses smith & nephew

Ticker(s): SNN