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AMETEK Crosses Above its 10-day MA (AME)

By David Diaz

Today, shares of AMETEK (NYSE:AME) have advanced above their 10-day MA of $59.77 on a volume of 327K 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.

AMETEK share prices have moved between a 52-week high of $60.69 and a 52-week low of $42.82 and are now trading 40% above that low price at $60.09 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.

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 21.3%. 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