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Bullish Moving Average Cross by Aramark (ARMK)

By James Quinn

Today, shares of Aramark (NYSE:ARMK) have crossed bullishly above their 10-day moving average of $38.79 on a volume of 164K 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 Aramark have traded between a low of $36.28 and a high of $46.09 and are now at $38.93, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.29% lower over the past week, respectively.

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

Keywords: moving crosses aramark

Ticker(s): ARMK