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Bullish Moving Average Cross by Autonation Inc (AN)

By David Diaz

Autonation Inc (NYSE:AN) shares have crossed bullishly above their 10-day moving average of $42.19 on a volume of 1.1 million 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.

Autonation Inc share prices have moved between a 52-week high of $49.76 and a 52-week low of $32.83 and are now trading 40% above that low price at $45.90 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Autonation Inc on April 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.94. Since that recommendation, shares of Autonation Inc have risen 16.7%. We continue to monitor AN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses autonation inc

Ticker(s): AN