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Bullish Moving Average Cross by AON (AON)

By Nick Russo

AON (NYSE:AON) crossed over its 10-day moving average of $130.65 on a volume of 213K 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.

AON share prices have moved between a 52-week high of $132.34 and a 52-week low of $83.83 and are now trading 56% above that low price at $130.85 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of AON on November 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.93. Since that recommendation, shares of AON have risen 15.5%. We continue to monitor AON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): AON