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Bullish Moving Average Cross by Aspen Technology (AZPN)

By David Diaz

Today, shares of Aspen Technology (NASDAQ:AZPN) have advanced above their 10-day MA of $116.19 on a volume of 110K 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, Aspen Technology share prices have been bracketed by a low of $74.84 and a high of $142.15 and are now at $117.08, 56% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has risen 0.4%.

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

Keywords: moving crosses aspen technology

Ticker(s): AZPN