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Avery Dennison Crosses Above its 10-day MA (AVY)

By Shiri Gupta

Avery Dennison (NYSE:AVY) crossed over its 10-day moving average of $114.38 on a volume of 104K 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.

Over the past year, Avery Dennison has traded in a range of $82.89 to $120.65 and is now at $117.77, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Avery Dennison on June 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.85. Since that recommendation, shares of Avery Dennison have risen 7.1%. We continue to monitor AVY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses avery dennison

Ticker(s): AVY