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BT Group Bullish Moving Average Crossover Alert (BT)

By James Quinn

Today, shares of BT Group (NYSE:BT) have crossed bullishly above their 10-day moving average of $30.04 on a volume of 255K 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 BT Group have traded between a low of $28.24 and a high of $75.37 and are now at $31.59, which is 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of BT Group on December 8th, 2015 by issuing a Downtrend alert when the shares were trading at $35.41. Since that call, shares of BT Group have fallen 16.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bt group

Ticker(s): BT