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Bullish Moving Average Cross by B&G Foods Inc (BGS)

By Amy Schwartz

B&G Foods Inc (NYSE:BGS) shares have crossed bullishly above their 10-day moving average of $31.19 on a volume of 139K 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.

In the past 52 weeks, shares of B&G Foods Inc have traded between a low of $22.00 and a high of $39.75 and are now at $31.30, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of B&G Foods Inc on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.10. Since that recommendation, shares of B&G Foods Inc have risen 18.8%. We continue to monitor BGS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses b&g foods inc

Ticker(s): BGS