Vale Crosses Below its 10-day MA (VALE)
Today, shares of Vale (NASDAQ:VALE) have fallen below their 10-day MA of $5.51 on a volume of 10.9 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 Vale have traded between a low of $2.13 and a high of $9.14 and are now at $5.24, which is 146% 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 3.8%.
SmarTrend is tracking the current trend status for Vale and will alert subscribers who have VALE in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses