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Archer-Daniels-Midland Crosses Above its 10-day MA (ADM)

By David Diaz

Archer-Daniels-Midland (NYSE:ADM) crossed over its 10-day moving average of $42.73 on a volume of 437K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Archer-Daniels-Midland has traded in a range of $29.86 to $53.31 and is now at $42.84, 43% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Archer-Daniels-Midland on May 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.19. Since that recommendation, shares of Archer-Daniels-Midland have risen 5.3%. We continue to monitor ADM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses archer-daniels-midland

Ticker(s): ADM