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Amsurg Bullish Moving Average Crossover Alert (AMSG)

By Shiri Gupta

Amsurg (NASDAQ:AMSG) crossed over its 10-day moving average of $63.95 on a volume of 285K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Amsurg share prices have moved between a 52-week high of $87.42 and a 52-week low of $54.11 and are now trading 19% above that low price at $64.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Amsurg on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $74.85. Since that call, shares of Amsurg have fallen 15.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amsurg

Ticker(s): AMSG