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Bullish Moving Average Cross by AstraZeneca (AZN)

By Nick Russo

AstraZeneca (NYSE:AZN) crossed over its 10-day moving average of $28.25 on a volume of 2.0 million 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, AstraZeneca share prices have been bracketed by a low of $26.97 and a high of $70.67 and are now at $28.62, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 2.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of AstraZeneca on July 27th, 2015 by issuing a Downtrend alert when the shares were trading at $32.70. Since that call, shares of AstraZeneca have fallen 15.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses AstraZeneca

Ticker(s): AZN