• Return to Headlines

AstraZeneca Crosses Above its 10-day MA (AZN)

By Shiri Gupta

Today, shares of AstraZeneca (NYSE:AZN) have advanced above their 10-day MA of $28.22 on a volume of 2.4 million 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, AstraZeneca share prices have been bracketed by a low of $26.97 and a high of $70.67 and are now at $28.74, 7% above that low price. The 200-day and 50-day moving averages have moved 2.38% lower and 0.21% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of AstraZeneca on July 27th, 2015 by issuing a Downtrend alert when the shares were trading at $32.70. Since that call, shares of AstraZeneca have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses AstraZeneca

Ticker(s): AZN