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

By Nick Russo

Stericycle Inc (NASDAQ:SRCL) crossed under its 10-day moving average of $44.30 on a volume of 162K 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 $62.80 and is now at $44.10, 28% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Stericycle Inc on May 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $49.94. Since that call, shares of Stericycle Inc have fallen 10.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses stericycle inc

Ticker(s): SRCL