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Boston Beer-A Bullish Moving Average Crossover Alert (SAM)

By Nick Russo

Today, shares of Boston Beer-A (NYSE:SAM) have advanced above their 10-day MA of $221.35 on a volume of 110K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Boston Beer-A have traded between a low of $128.70 and a high of $237.00 and are now at $233.60, which is 82% 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 recommended that subscribers consider buying shares of Boston Beer-A on March 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $174.82. Since that recommendation, shares of Boston Beer-A have risen 24.2%. We continue to monitor SAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses boston beer-a

Ticker(s): SAM