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AMETEK Crosses Above its 10-day MA (AME)

By Nick Russo

Today, shares of AMETEK (NYSE:AME) have crossed bullishly above their 10-day moving average of $46.86 on a volume of 197K 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.

In the past 52 weeks, AMETEK share prices have been bracketed by a low of $42.82 and a high of $57.67 and are now at $47.00, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in AMETEK. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of AMETEK in search of a potential trend change.

Keywords: moving crosses ametek

Ticker(s): AME