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Axalta Coating S Crosses Above its 10-day MA (AXTA)

By Nick Russo

Today, shares of Axalta Coating S (NYSE:AXTA) have crossed bullishly above their 10-day moving average of $29.91 on a volume of 280K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Axalta Coating S has traded in a range of $21.58 to $32.14 and is now at $30.19, 40% above that low. The 200-day and 50-day moving averages have moved 0.05% higher and 0.90% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Axalta Coating S on June 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.72. Since that recommendation, shares of Axalta Coating S have risen 15.2%. We continue to monitor AXTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses axalta coating s

Ticker(s): AXTA