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Sysco Crosses Below its 10-day MA (SYY)

By Amy Schwartz

Sysco (NYSE:SYY) crossed under its 10-day moving average of $54.98 on a volume of 3.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Sysco has traded in a range of $35.45 to $57.07 and is now at $52.69, 49% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

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

Keywords: moving crosses Sysco

Ticker(s): SYY