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

By Shiri Gupta

Today, shares of Archer-Daniels-Midland (NYSE:ADM) have crossed bullishly above their 10-day moving average of $42.33 on a volume of 600K shares. Swing traders may find 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 Archer-Daniels-Midland have traded between a low of $29.86 and a high of $53.31 and are now at $42.49, which is 42% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

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

Keywords: moving crosses archer-daniels-midland

Ticker(s): ADM