Bullish Moving Average Cross by Baxter International (BAX)
Baxter International (NYSE:BAX) crossed over its 10-day moving average of $46.60 on a volume of 1.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Baxter International has traded in a range of $32.18 to $47.80 and is now at $47.49, 48% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.
SmarTrend is tracking the current trend status for Baxter International and will alert subscribers who have BAX in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses baxter international