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USG Crosses Below its 10-day MA (USG)

By James Quinn

USG (NYSE:USG) shares have crossed bearishly below their 10-day moving average of $28.95 on a volume of 695K shares. This may provide short-term investors a chance 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 $32.88 and are now at $28.24, 78% 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 subscribers consider buying shares of USG on February 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.51. Since that recommendation, shares of USG have risen 43.9%. We continue to monitor USG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): USG