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Amerisourceberge Bullish Moving Average Crossover Alert (ABC)

By David Diaz

Amerisourceberge (NYSE:ABC) shares have crossed bullishly above their 10-day moving average of $84.96 on a volume of 292K 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 Amerisourceberge have traded between a low of $69.36 and a high of $94.85 and are now at $86.13, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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