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Bullish Moving Average Cross by Autonation Inc (AN)

By Amy Schwartz

Today, shares of Autonation Inc (NYSE:AN) have crossed bullishly above their 10-day moving average of $43.87 on a volume of 202K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Autonation Inc share prices have moved between a 52-week high of $62.02 and a 52-week low of $42.87 and are now trading 3% above that low price at $44.35 per share. The 200-day and 50-day moving averages have moved 0.33% lower and 0.75% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Autonation Inc on July 25th, 2018 by issuing a Downtrend alert when the shares were trading at $46.29. Since that call, shares of Autonation Inc have fallen 6.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses autonation inc

Ticker(s): AN