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Bearish Moving Average Cross by Armour Residenti (ARR)

By Shiri Gupta

Today, shares of Armour Residenti (NYSE:ARR) have fallen below their 10-day MA of $18.69 on a volume of 160K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Armour Residenti share prices have moved between a 52-week high of $24.07 and a 52-week low of $17.03 and are now trading 8% above that low price at $18.46 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.

SmarTrend is monitoring the recent change of momentum in Armour Residenti. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Armour Residenti in search of a potential trend change.

Keywords: moving crosses armour residenti

Ticker(s): ARR