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Bullish Moving Average Cross by Cambrex (CBM)

By David Diaz

Cambrex (NYSE:CBM) crossed over its 10-day moving average of $40.84 on a volume of 377K shares. Swing traders may find 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 Cambrex have traded between a low of $29.50 and a high of $59.41 and are now at $44.85, which is 52% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cambrex on October 13th, 2016 by issuing a Downtrend alert when the shares were trading at $42.50. Since that call, shares of Cambrex have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cambrex

Ticker(s): CBM