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Vivo Participacoes Bearish Moving Average Crossover Alert (VIV)

By Nick Russo

Today, shares of Vivo Participacoes (NYSE:VIV) have crossed bearishly below their 10-day moving average of $15.13 on a volume of 263K 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, Vivo Participacoes share prices have been bracketed by a low of $7.72 and a high of $16.33 and are now at $14.83, 92% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 1.92% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Vivo Participacoes on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.37. Since that recommendation, shares of Vivo Participacoes have risen 64.5%. We continue to monitor VIV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses vivo participacoes

Ticker(s): VIV