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Steelcase Inc-A Crosses Below its 10-day MA (SCS)

By James Quinn

Steelcase Inc-A (NYSE:SCS) shares have crossed bearishly below their 10-day moving average of $17.25 on a volume of 258K 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, shares of Steelcase Inc-A have traded between a low of $13.40 and a high of $19.35 and are now at $16.26, which is 21% 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 remained constant.

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

Keywords: moving crosses steelcase inc-a

Ticker(s): SCS