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Asbury Automotive Bullish Moving Average Crossover Alert (ABG)

By Shiri Gupta

Asbury Automotive (NYSE:ABG) crossed over its 10-day moving average of $55.43 on a volume of 115K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Asbury Automotive share prices have moved between a 52-week high of $96.58 and a 52-week low of $43.56 and are now trading 30% above that low price at $56.53 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 1%.

SmarTrend is tracking the current trend status for Asbury Automotive and will alert subscribers who have ABG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses asbury automotive

Ticker(s): ABG