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Actuant Corp-A Bullish Moving Average Crossover Alert (ATU)

By Nick Russo

Today, shares of Actuant Corp-A (NYSE:ATU) have crossed bullishly above their 10-day moving average of $23.55 on a volume of 162K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Actuant Corp-A share prices have been bracketed by a low of $20.54 and a high of $29.80 and are now at $23.80, 16% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 1.03% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Actuant Corp-A on December 22nd, 2017 by issuing a Downtrend alert when the shares were trading at $24.50. Since that call, shares of Actuant Corp-A have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses actuant corp-a

Ticker(s): ATU