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Aecom Technology Crosses Above its 10-day MA (ACM)

By James Quinn

Today, shares of Aecom Technology (NYSE:ACM) have crossed bullishly above their 10-day moving average of $28.30 on a volume of 142K 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 Aecom Technology have traded between a low of $22.80 and a high of $36.20 and are now at $28.43, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 1.57% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Aecom Technology on August 17th, 2016 by issuing a Downtrend alert when the shares were trading at $32.49. Since that call, shares of Aecom Technology have fallen 13.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses aecom technology

Ticker(s): ACM