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Archer-Daniels Bullish Moving Average Crossover Alert (ADM)

By David Diaz

Archer-Daniels (NYSE:ADM) crossed over its 10-day moving average of $42.71 on a volume of 117K 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.

In the past 52 weeks, Archer-Daniels share prices have been bracketed by a low of $39.16 and a high of $52.07 and are now at $42.83, 9% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.30% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Archer-Daniels and will alert subscribers who have ADM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses archer-daniels

Ticker(s): ADM