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Bruker Bearish Moving Average Crossover Alert (BRKR)

By David Diaz

Bruker (NASDAQ:BRKR) shares have crossed bearishly below their 10-day moving average of $28.55 on a volume of 119K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Bruker has traded in a range of $15.78 to $29.85 and is now at $28.06, 78% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Bruker on February 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.86. Since that recommendation, shares of Bruker have risen 20.6%. We continue to monitor BRKR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bruker

Ticker(s): BRKR