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Bloomin' Brands Crosses Above its 10-day MA (BLMN)

By David Diaz

Today, shares of Bloomin' Brands (NASDAQ:BLMN) have advanced above their 10-day MA of $23.67 on a volume of 1.5 million 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.

Bloomin' Brands share prices have moved between a 52-week high of $25.00 and a 52-week low of $15.82 and are now trading 53% above that low price at $24.19 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Bloomin' Brands and will alert subscribers who have BLMN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bloomin' brands

Ticker(s): BLMN