CRS makes a notable crossover below the critical moving average

On Friday, shares of Carpenter Technology Corp. (Symbol: CRS) broke below their 200-day moving average of $34.11, changing hands as low as $33.18 per share. Shares of Carpenter Technology Corp. are currently trading around 4.3% on the day. The chart below shows the one-year performance of CRS shares, compared to its 200-day moving average:

Carpenter Technology Corp.  Chart of the 200-day moving average

Looking at the chart above, CRS’ low point in its 52-week range is $24.76 per share, with $44.96 as its 52-week high – compare with a last trade of 33.60 $.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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