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World Fuel Services Crosses Below its 10-day MA (INT)

By James Quinn

World Fuel Services (NYSE:INT) crossed under its 10-day moving average of $36.59 on a volume of 125K 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.

Over the past year, World Fuel Services has traded in a range of $33.83 to $53.31 and is now at $36.48, 8% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of World Fuel Services on February 15th, 2017 by issuing a Downtrend alert when the shares were trading at $40.29. Since that call, shares of World Fuel Services have fallen 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses world fuel services

Ticker(s): INT