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Bullish Moving Average Cross by Alphabet Inc-A (GOOGL)

By Shiri Gupta

Today, shares of Alphabet Inc-A (NASDAQ:GOOGL) have crossed bullishly above their 10-day moving average of $1144.65 on a volume of 435K 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 Alphabet Inc-A have traded between a low of $672.66 and a high of $1198.00 and are now at $1160.01, which is 72% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Alphabet Inc-A on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1,078.06. Since that recommendation, shares of Alphabet Inc-A have risen 6.1%. We continue to monitor GOOGL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alphabet inc-a

Ticker(s): GOOGL