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Bullish Moving Average Cross by Alliance Data Systems (ADS)

By Nick Russo

Today, shares of Alliance Data Systems (NYSE:ADS) have crossed bullishly above their 10-day moving average of $243.66 on a volume of 383K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Alliance Data Systems have traded between a low of $176.63 and a high of $307.78 and are now at $255.22, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Alliance Data Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alliance Data Systems in search of a potential trend change.

Keywords: moving crosses alliance data systems

Ticker(s): ADS