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Bullish Moving Average Cross by Avis Budget Group (CAR)

By Nick Russo

Today, shares of Avis Budget Group (NYSE:CAR) have advanced above their 10-day MA of $36.50 on a volume of 161K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Avis Budget Group share prices have moved between a 52-week high of $56.74 and a 52-week low of $21.73 and are now trading 69% above that low price at $36.81 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Avis Budget Group on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.06. Since that recommendation, shares of Avis Budget Group have risen 3.6%. We continue to monitor CAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Avis Budget Group

Ticker(s): CAR