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Avis Budget Grou Crosses Above its 10-day MA (CAR)

By James Quinn

Today, shares of Avis Budget Grou (NASDAQ:CAR) have advanced above their 10-day MA of $48.40 on a volume of 398K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Avis Budget Grou share prices have moved between a 52-week high of $50.88 and a 52-week low of $20.71 and are now trading 135% above that low price at $48.70 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Avis Budget Grou on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.00. Since that recommendation, shares of Avis Budget Grou have risen 8.1%. We continue to monitor CAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses avis budget grou

Ticker(s): CAR