Arthur J Gallagher Crosses Above its 10-day MA (AJG)
Arthur J Gallagher (NYSE:AJG) shares have crossed bullishly above their 10-day moving average of $45.14 on a volume of 286K 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, Arthur J Gallagher share prices have been bracketed by a low of $35.96 and a high of $49.59 and are now at $46.05, 28% above that low price. The 200-day and 50-day moving averages have moved 0.13% lower and 1.17% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Arthur J Gallagher on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.85. Since that recommendation, shares of Arthur J Gallagher have risen 11.5%. We continue to monitor AJG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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