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Bullish Moving Average Cross by Autoliv (ALV)

By Shiri Gupta

Today, shares of Autoliv (NYSE:ALV) have crossed bullishly above their 10-day moving average of $114.89 on a volume of 420K shares. This may provide short-term investors a chance 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 $95.34 and a high of $132.19 and are now at $120.40, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.67% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Autoliv on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $107.49. Since that recommendation, shares of Autoliv have risen 6.5%. We continue to monitor ALV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses autoliv

Ticker(s): ALV