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Bullish Moving Average Cross by Bruker (BRKR)

By Amy Schwartz

Today, shares of Bruker (NASDAQ:BRKR) have advanced above their 10-day MA of $27.50 on a volume of 118K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Bruker share prices have been bracketed by a low of $15.78 and a high of $29.85 and are now at $28.08, 78% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Bruker on April 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.01. Since that recommendation, shares of Bruker have risen 13.6%. We continue to monitor BRKR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses bruker

Ticker(s): BRKR