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Adv Energy Inds Crosses Above its 10-day MA (AEIS)

By David Diaz

Today, shares of Adv Energy Inds (NASDAQ:AEIS) have crossed bullishly above their 10-day moving average of $53.37 on a volume of 128K 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, shares of Adv Energy Inds have traded between a low of $51.94 and a high of $95.00 and are now at $53.50, which is 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Adv Energy Inds on August 17th, 2018 by issuing a Downtrend alert when the shares were trading at $57.67. Since that call, shares of Adv Energy Inds have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses adv energy inds

Ticker(s): AEIS