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Spectrum Brands Crosses Below its 10-day MA (SPB)

By Shiri Gupta

Today, shares of Spectrum Brands (NYSE:SPB) have crossed bearishly below their 10-day moving average of $55.80 on a volume of 103K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Spectrum Brands share prices have been bracketed by a low of $40.54 and a high of $102.59 and are now at $55.30, 36% above that low price. The 200-day and 50-day moving averages have moved 0.52% lower and 1.28% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Spectrum Brands and will alert subscribers who have SPB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses spectrum brands

Ticker(s): SPB