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Bullish Moving Average Cross by Boston Properties (BXP)

By Shiri Gupta

Today, shares of Boston Properties (NYSE:BXP) have advanced above their 10-day MA of $140.64 on a volume of 162K 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.

Over the past year, Boston Properties has traded in a range of $94.91 to $144.02 and is now at $140.82, 48% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Boston Properties on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.60. Since that recommendation, shares of Boston Properties have risen 7.3%. We continue to monitor BXP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses boston properties

Ticker(s): BXP