USG Crosses Below its 10-day MA (USG)
USG (NYSE:USG) crossed under its 10-day moving average of $29.52 on a volume of 1.3 million 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, shares of USG have traded between a low of $15.85 and a high of $32.88 and are now at $28.90, which is 82% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.
SmarTrend recommended that subscribers consider buying shares of USG on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.92. Since that recommendation, shares of USG have risen 8.7%. We continue to monitor USG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses