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Bullish Moving Average Cross by On Assignment (ASGN)

By Amy Schwartz

On Assignment (NYSE:ASGN) shares have crossed bullishly above their 10-day moving average of $53.55 on a volume of 119K 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, On Assignment share prices have been bracketed by a low of $50.33 and a high of $94.25 and are now at $54.99, 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of On Assignment on April 26th, 2019 by issuing a Downtrend alert when the shares were trading at $63.71. Since that call, shares of On Assignment have fallen 17.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses on assignment

Ticker(s): ASGN