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Bullish Moving Average Cross by Aramark (ARMK)

By Nick Russo

Today, shares of Aramark (NYSE:ARMK) have crossed bullishly above their 10-day moving average of $39.30 on a volume of 131K 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.

Over the past year, Aramark has traded in a range of $31.38 to $41.72 and is now at $39.41, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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

Keywords: moving crosses aramark

Ticker(s): ARMK