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South Jersey Ind Crosses Below its 10-day MA (SJI)

By James Quinn

South Jersey Ind (NYSE:SJI) crossed under its 10-day moving average of $32.64 on a volume of 229K 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.

South Jersey Ind share prices have moved between a 52-week high of $36.72 and a 52-week low of $26.06 and are now trading 24% above that low price at $32.31 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for South Jersey Ind and will alert subscribers who have SJI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses south jersey ind

Ticker(s): SJI