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Verisk Analytics Crosses Below its 10-day MA (VRSK)

By Shiri Gupta

Verisk Analytics (NASDAQ:VRSK) shares have crossed bearishly below their 10-day moving average of $78.45 on a volume of 163K 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, shares of Verisk Analytics have traded between a low of $64.79 and a high of $82.00 and are now at $77.86, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Verisk Analytics on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.91. Since that recommendation, shares of Verisk Analytics have risen 7.9%. We continue to monitor VRSK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses verisk analytics

Ticker(s): VRSK