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Snap-On Bearish Moving Average Crossover Alert (SNA)

By James Quinn

Snap-On (NYSE:SNA) crossed under its 10-day moving average of $161.21 on a volume of 309K 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, Snap-On share prices have been bracketed by a low of $133.09 and a high of $174.52 and are now at $157.30, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Snap-On. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Snap-On in search of a potential trend change.

Keywords: moving crosses snap-on

Ticker(s): SNA