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Altra Industrial Crosses Above its 10-day MA (AIMC)

By David Diaz

Altra Industrial (NASDAQ:AIMC) shares have crossed bullishly above their 10-day moving average of $38.82 on a volume of 284K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Altra Industrial has traded in a range of $37.80 to $53.70 and is now at $39.08, 3% above that low. The 200-day and 50-day moving averages have moved 0.29% lower and 0.61% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Altra Industrial on August 8th, 2018 by issuing a Downtrend alert when the shares were trading at $42.00. Since that call, shares of Altra Industrial have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses altra industrial

Ticker(s): AIMC