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Aspen Technology Bullish Moving Average Crossover Alert (AZPN)

By Shiri Gupta

Today, shares of Aspen Technology (NASDAQ:AZPN) have advanced above their 10-day MA of $86.42 on a volume of 340K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Aspen Technology have traded between a low of $37.39 and a high of $91.87 and are now at $91.07, which is 144% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Aspen Technology on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.43. Since that recommendation, shares of Aspen Technology have risen 11.9%. We continue to monitor AZPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses aspen technology

Ticker(s): AZPN