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Albany Molecular Research Crosses Above its 10-day MA (AMRI)

By David Diaz

Today, shares of Albany Molecular Research (NASDAQ:AMRI) have advanced above their 10-day MA of $13.70 on a volume of 647K 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, shares of Albany Molecular Research have traded between a low of $12.45 and a high of $22.48 and are now at $14.73, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.67% lower and 0.13% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Albany Molecular Research on January 20th, 2017 by issuing a Downtrend alert when the shares were trading at $17.67. Since that call, shares of Albany Molecular Research have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses albany molecular research

Ticker(s): AMRI