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AmerisourceBergen Crosses Above its 10-day MA (ABC)

By Nick Russo

AmerisourceBergen (NYSE:ABC) crossed over its 10-day moving average of $88.00 on a volume of 144K 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.

AmerisourceBergen share prices have moved between a 52-week high of $116.28 and a 52-week low of $68.38 and are now trading 30% above that low price at $88.70 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses AmerisourceBergen

Ticker(s): ABC