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Bearish Moving Average Cross by Old Dominion Frt (ODFL)

By Nick Russo

Old Dominion Frt (NASDAQ:ODFL) crossed under its 10-day moving average of $132.23 on a volume of 128K 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.

In the past 52 weeks, shares of Old Dominion Frt have traded between a low of $119.01 and a high of $340.82 and are now at $130.34, which is 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.9% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses old dominion frt

Ticker(s): ODFL