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Stericycle Inc Crosses Below its 10-day MA (SRCL)

By Shiri Gupta

Today, shares of Stericycle Inc (NASDAQ:SRCL) have crossed bearishly below their 10-day moving average of $56.56 on a volume of 2.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Stericycle Inc has traded in a range of $34.36 to $71.30 and is now at $49.10, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Stericycle Inc on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.98. Since that recommendation, shares of Stericycle Inc have risen 43.2%. We continue to monitor SRCL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses stericycle inc

Ticker(s): SRCL