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Bullish Moving Average Cross by Archer-Daniels-Midland (ADM)

By James Quinn

Archer-Daniels-Midland (NYSE:ADM) shares have crossed bullishly above their 10-day moving average of $43.27 on a volume of 281K 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, Archer-Daniels-Midland has traded in a range of $29.86 to $53.31 and is now at $43.53, 46% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Archer-Daniels-Midland and will alert subscribers who have ADM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses archer-daniels-midland

Ticker(s): ADM