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Bullish Moving Average Cross by AmerisourceBergen (ABC)

By Shiri Gupta

Today, shares of AmerisourceBergen (NYSE:ABC) have crossed bullishly above their 10-day moving average of $88.11 on a volume of 426K 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, AmerisourceBergen share prices have been bracketed by a low of $68.38 and a high of $116.28 and are now at $89.21, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses AmerisourceBergen

Ticker(s): ABC