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

By James Quinn

Avis Budget Group (NYSE:CAR) shares have crossed bullishly above their 10-day moving average of $22.25 on a volume of 908K 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, Avis Budget Group has traded in a range of $20.71 to $56.74 and is now at $23.16, 12% above that low. The 200-day and 50-day moving averages have moved 1% lower and 0.94% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Avis Budget Group on May 8th, 2017 by issuing a Downtrend alert when the shares were trading at $28.20. Since that call, shares of Avis Budget Group have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Avis Budget Group

Ticker(s): CAR