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United Natural Crosses Below its 10-day MA (UNFI)

By James Quinn

Today, shares of United Natural (NASDAQ:UNFI) have fallen below their 10-day MA of $33.23 on a volume of 2.9 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, United Naturalhas traded in a range of $28.25 to $52.69 and are now at $28.83. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Natural on June 7th, 2018 by issuing a Downtrend alert when the shares were trading at $41.25. Since that call, shares of United Natural have fallen 17.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united natural

Ticker(s): UNFI