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Blackhawk Networ Crosses Above its 10-day MA (HAWK)

By James Quinn

Blackhawk Networ (NYSE:HAWK) crossed over its 10-day moving average of $43.18 on a volume of 314K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Blackhawk Networ share prices have been bracketed by a low of $28.88 and a high of $44.90 and are now at $43.85, 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.2%.

SmarTrend recommended that subscribers consider buying shares of Blackhawk Networ on March 29th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.55. Since that recommendation, shares of Blackhawk Networ have risen 7.3%. We continue to monitor HAWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses blackhawk networ

Ticker(s): HAWK