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Bullish Moving Average Cross by American Campus Communities (ACC)

By Shiri Gupta

Today, shares of American Campus Communities (NYSE:ACC) have crossed bullishly above their 10-day moving average of $46.67 on a volume of 242K 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.

American Campus Communities share prices have moved between a 52-week high of $48.30 and a 52-week low of $32.12 and are now trading 46% above that low price at $46.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for American Campus Communities and will alert subscribers who have ACC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses american campus communities

Ticker(s): ACC