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Bullish Moving Average Cross by Autoliv (ALV)

By Nick Russo

Today, shares of Autoliv (NYSE:ALV) have crossed bullishly above their 10-day moving average of $101.71 on a volume of 184K 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 Autoliv have traded between a low of $93.31 and a high of $132.19 and are now at $101.96, which is 9% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 1.04% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Autoliv on February 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $106.51. Since that call, shares of Autoliv have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses autoliv

Ticker(s): ALV