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Snap-On Inc Crosses Below its 10-day MA (SNA)

By Nick Russo

Snap-On Inc (NYSE:SNA) shares have crossed bearishly below their 10-day moving average of $158.29 on a volume of 107K 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 Snap-On Inc have traded between a low of $135.29 and a high of $189.46 and are now at $155.92, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Snap-On Inc and will alert subscribers who have SNA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses snap-on inc

Ticker(s): SNA