• Return to Headlines

Bullish Moving Average Cross by Canadian Pacific Railway (CP)

By David Diaz

Today, shares of Canadian Pacific Railway (NYSE:CP) have crossed bullishly above their 10-day moving average of $154.80 on a volume of 134K 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, shares of Canadian Pacific Railway have traded between a low of $97.09 and a high of $197.59 and are now at $154.91, which is 60% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 1.10% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Canadian Pacific Railway. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Canadian Pacific Railway in search of a potential trend change.

Keywords: moving crosses canadian pacific railway

Ticker(s): CP