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Bullish Moving Average Cross by Bottomline Tech (EPAY)

By Amy Schwartz

Bottomline Tech (NASDAQ:EPAY) shares have crossed bullishly above their 10-day moving average of $28.17 on a volume of 279K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Bottomline Tech share prices have moved between a 52-week high of $31.10 and a 52-week low of $18.48 and are now trading 60% above that low price at $29.54 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.

SmarTrend recommended that subscribers consider buying shares of Bottomline Tech on May 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Bottomline Tech have risen 17.1%. We continue to monitor EPAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bottomline tech

Ticker(s): EPAY