• Return to Headlines

Bearish Moving Average Cross by American Airline (AAL)

By Nick Russo

American Airline (NASDAQ:AAL) crossed under its 10-day moving average of $15.28 on a volume of 3.7 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, American Airline share prices have been bracketed by a low of $12.00 and a high of $35.24 and are now at $13.60, 13% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 3.1%.

SmarTrend is tracking the current trend status for American Airline and will alert subscribers who have AAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american airline

Ticker(s): AAL