• Return to Headlines

USG Crosses Above its 10-day MA (USG)

By Nick Russo

Today, shares of USG (NYSE:USG) have advanced above their 10-day MA of $26.09 on a volume of 130K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, USG has traded in a range of $15.85 to $32.88 and is now at $26.21, 65% above that low. 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 June 14th, 2016 by issuing a Downtrend alert when the shares were trading at $26.76. Since that call, shares of USG have fallen 3.9%. 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