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Affiliated Managers Crosses Above its 10-day MA (AMG)

By Shiri Gupta

Today, shares of Affiliated Managers (NYSE:AMG) have crossed bullishly above their 10-day moving average of $165.09 on a volume of 148K 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, Affiliated Managers share prices have been bracketed by a low of $115.97 and a high of $229.12 and are now at $170.58, 47% above that low price. The 200-day and 50-day moving averages have moved 0.63% lower and 1.79% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Affiliated Managers and will alert subscribers who have AMG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses affiliated managers

Ticker(s): AMG