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Alliance Resource Partners Crosses Above its 10-day MA (ARLP)

By David Diaz

Alliance Resource Partners (NASDAQ:ARLP) shares have crossed bullishly above their 10-day moving average of $17.91 on a volume of 353K 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.

Alliance Resource Partners share prices have moved between a 52-week high of $34.69 and a 52-week low of $9.95 and are now trading 103% above that low price at $20.17 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.9% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of Alliance Resource Partners on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.70. Since that recommendation, shares of Alliance Resource Partners have risen 39.4%. We continue to monitor ARLP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alliance resource partners

Ticker(s): ARLP