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AstraZeneca Bullish Moving Average Crossover Alert (AZN)

By Shiri Gupta

AstraZeneca (NYSE:AZN) shares have crossed bullishly above their 10-day moving average of $33.77 on a volume of 1.8 million 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.

In the past 52 weeks, AstraZeneca share prices have been bracketed by a low of $26.97 and a high of $70.67 and are now at $33.92, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has declined 0.2%.

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

Keywords: moving crosses AstraZeneca

Ticker(s): AZN