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USG Bearish Moving Average Crossover Alert (USG)

By Nick Russo

Today, shares of USG (NYSE:USG) have fallen below their 10-day MA of $28.85 on a volume of 257K 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.

In the past 52 weeks, USG share prices have been bracketed by a low of $15.85 and a high of $34.67 and are now at $28.38, 79% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of USG on April 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $31.61. Since that call, shares of USG have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): USG