Bullish Moving Average Cross by Avery Dennison (AVY)
Avery Dennison (NYSE:AVY) crossed over its 10-day moving average of $73.10 on a volume of 284K 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.
Over the past year, Avery Dennison has traded in a range of $51.44 to $75.14 and is now at $74.75, 45% above that low. The 200-day and 50-day moving averages have moved 0.28% higher and 0.86% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Avery Dennison on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.51. Since that recommendation, shares of Avery Dennison have risen 12.8%. We continue to monitor AVY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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