Bullish Moving Average Cross by Alere (ALR)
Alere (AMEX:ALR) crossed over its 10-day moving average of $40.03 on a volume of 1.8 million 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, Alere share prices have been bracketed by a low of $31.96 and a high of $55.99 and are now at $42.56, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 0.5%.
SmarTrend is tracking the current trend status for Alere and will alert subscribers who have ALR in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:alr alere