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Alere Crosses Above its 10-day MA (ALR)

By David Diaz

Alere (AMEX:ALR) shares have crossed bullishly above their 10-day moving average of $43.15 on a volume of 431K shares. Swing traders may find 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 Alere have traded between a low of $31.47 and a high of $55.99 and are now at $43.46, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.49% lower and 2.15% lower over the past week, respectively.

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

Keywords: moving crosses amex:alr alere

Ticker(s): ALR