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Amsurg Crosses Below its 10-day MA (AMSG)

By Amy Schwartz

Today, shares of Amsurg (NASDAQ:AMSG) have crossed bearishly below their 10-day moving average of $80.41 on a volume of 212K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Amsurg has traded in a range of $54.11 to $87.42 and is now at $77.76, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Amsurg on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.76. Since that recommendation, shares of Amsurg have risen 14.3%. We continue to monitor AMSG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amsurg

Ticker(s): AMSG