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Stillwater Mining Crosses Below its 10-day MA (SWC)

By Shiri Gupta

Today, shares of Stillwater Mining (NYSE:SWC) have crossed bearishly below their 10-day moving average of $11.88 on a volume of 338K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Stillwater Mining share prices have been bracketed by a low of $4.99 and a high of $15.07 and are now at $11.64, 133% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 4.9%.

SmarTrend recommended that subscribers consider buying shares of Stillwater Mining on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.33. Since that recommendation, shares of Stillwater Mining have risen 92.9%. We continue to monitor SWC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses stillwater mining

Ticker(s): SWC