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Bearish Moving Average Cross by Sabre Corp (SABR)

By Amy Schwartz

Sabre Corp (NASDAQ:SABR) shares have crossed bearishly below their 10-day moving average of $24.79 on a volume of 109K 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.

Sabre Corp share prices have moved between a 52-week high of $26.62 and a 52-week low of $19.41 and are now trading 26% above that low price at $24.50 per share. The 200-day and 50-day moving averages have moved 0.04% higher and 1.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Sabre Corp on June 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.45. Since that recommendation, shares of Sabre Corp have risen 16.3%. We continue to monitor SABR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sabre corp

Ticker(s): SABR