Unilever Crosses Below its 10-day MA (UL)
Unilever (NYSE:UL) shares have crossed bearishly below their 10-day moving average of $47.29 on a volume of 453K 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, Unilever share prices have been bracketed by a low of $38.60 and a high of $48.97 and are now at $47.01, 22% above that low price. The 200-day and 50-day moving averages have moved 0% lower and 0.30% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Unilever on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.33. Since that recommendation, shares of Unilever have risen 3.1%. We continue to monitor UL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Unilever