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AMETEK Bullish Moving Average Crossover Alert (AME)

By Shiri Gupta

AMETEK (NYSE:AME) shares have crossed bullishly above their 10-day moving average of $47.41 on a volume of 117K 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.

Over the past year, AMETEK has traded in a range of $42.82 to $57.67 and is now at $47.55, 11% above that low. The 200-day and 50-day moving averages have moved 0.29% lower and 0.27% higher over the past week, respectively.

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

Keywords: moving crosses ametek

Ticker(s): AME