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Bullish Moving Average Cross by Air Methods (AIRM)

By Amy Schwartz

Air Methods (NASDAQ:AIRM) shares have crossed bullishly above their 10-day moving average of $41.87 on a volume of 3.9 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.

In the past 52 weeks, shares of Air Methods have traded between a low of $23.75 and a high of $46.49 and are now at $42.92, which is 81% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Air Methods on November 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.42. Since that recommendation, shares of Air Methods have risen 40.7%. We continue to monitor AIRM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses air methods

Ticker(s): AIRM