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T Rowe Price Crosses Below its 10-day MA (TROW)

By Shiri Gupta

T Rowe Price (NASDAQ:TROW) crossed under its 10-day moving average of $66.62 on a volume of 338K 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 T Rowe Price have traded between a low of $63.57 and a high of $82.50 and are now at $66.49, which is 5% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of T Rowe Price on July 26th, 2016 by issuing a Downtrend alert when the shares were trading at $71.34. Since that call, shares of T Rowe Price have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses t rowe price

Ticker(s): TROW