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Cinemark Holding Crosses Above its 10-day MA (CNK)

By Shiri Gupta

Today, shares of Cinemark Holding (NYSE:CNK) have advanced above their 10-day MA of $10.27 on a volume of 1.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cinemark Holding has traded in a range of $5.71 to $43.51 and is now at $11.74, 106% above that low. The 200-day and 50-day moving averages have moved 2.14% lower and 9.33% lower over the past week, respectively.

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

Keywords: moving crosses cinemark holding

Ticker(s): CNK