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Actuant Bullish Moving Average Crossover Alert (ATU)

By Shiri Gupta

Today, shares of Actuant (NYSE:ATU) have advanced above their 10-day MA of $22.38 on a volume of 313K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Actuant share prices have been bracketed by a low of $17.02 and a high of $27.71 and are now at $22.77, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Actuant on June 24th, 2016 by issuing a Downtrend alert when the shares were trading at $23.44. Since that call, shares of Actuant have fallen 5.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses actuant

Ticker(s): ATU