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Bullish Moving Average Cross by Brunswick (BC)

By Shiri Gupta

Today, shares of Brunswick (NYSE:BC) have crossed bullishly above their 10-day moving average of $47.79 on a volume of 199K 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, Brunswick share prices have been bracketed by a low of $36.05 and a high of $55.76 and are now at $48.02, 33% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Brunswick on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.44. Since that recommendation, shares of Brunswick have risen 8.6%. We continue to monitor BC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses brunswick

Ticker(s): BC