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Unilever Bearish Moving Average Crossover Alert (UL)

By David Diaz

Unilever (NYSE:UL) shares have crossed bearishly below their 10-day moving average of $47.30 on a volume of 296K 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.

In the past 52 weeks, shares of Unilever have traded between a low of $38.60 and a high of $48.97 and are now at $46.74, which is 21% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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

Ticker(s): UL