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AMETEK Crosses Above its 10-day MA (AME)

By James Quinn

Today, shares of AMETEK (NYSE:AME) have advanced above their 10-day MA of $54.02 on a volume of 309K shares. This may provide swing traders with an opportunity 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 $54.27, 27% 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 recommended that subscribers consider buying shares of AMETEK on December 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.74. Since that recommendation, shares of AMETEK have risen 10.5%. We continue to monitor AME for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ametek

Ticker(s): AME