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Vodafone Group Bearish Moving Average Crossover Alert (VOD)

By Amy Schwartz

Today, shares of Vodafone Group (NYSE:VOD) have fallen below their 10-day MA of $28.02 on a volume of 986K 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 Vodafone Group have traded between a low of $27.55 and a high of $39.46 and are now at $27.84, which is 1% above that low price. The 200-day and 50-day moving averages have moved 0.27% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Vodafone Group on September 14th, 2016 by issuing a Downtrend alert when the shares were trading at $29.42. Since that call, shares of Vodafone Group have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses vodafone group

Ticker(s): VOD