Unilever Bearish Moving Average Crossover Alert (UL)
Today, shares of Unilever (NYSE:UL) have fallen below their 10-day MA of $46.84 on a volume of 361K 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, Unilever has traded in a range of $38.60 to $48.29 and is now at $46.71, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Unilever and will alert subscribers who have UL in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Unilever