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

By Shiri Gupta

Cinemark Holding (NYSE:CNK) crossed under its 10-day moving average of $41.42 on a volume of 137K 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.

Cinemark Holding share prices have moved between a 52-week high of $43.24 and a 52-week low of $33.36 and are now trading 23% above that low price at $41.07 per share. The 200-day and 50-day moving averages have moved 0.35% higher and 0.54% higher over the past week, respectively.

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

Keywords: moving crosses cinemark holding

Ticker(s): CNK