Boston Beer Bullish Moving Average Crossover Alert (SAM)
Boston Beer (NYSE:SAM) shares have crossed bullishly above their 10-day moving average of $170.02 on a volume of 414K 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.
In the past 52 weeks, Boston Beer share prices have been bracketed by a low of $145.33 and a high of $266.62 and are now at $190.96, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.7%.
SmarTrend is tracking the current trend status for Boston Beer and will alert subscribers who have SAM in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses boston beer