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Amerisourceberge Bullish Moving Average Crossover Alert (ABC)

By Nick Russo

Today, shares of Amerisourceberge (NYSE:ABC) have crossed bullishly above their 10-day moving average of $73.75 on a volume of 151K 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.

Amerisourceberge share prices have moved between a 52-week high of $95.00 and a 52-week low of $69.36 and are now trading 6% above that low price at $73.85 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

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

Keywords: moving crosses amerisourceberge

Ticker(s): ABC