Bullish Moving Average Cross by Cardtronics (CATM)
Today, shares of Cardtronics (NASDAQ:CATM) have crossed bullishly above their 10-day moving average of $37.10 on a volume of 306K 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 Cardtronics have traded between a low of $28.01 and a high of $39.52 and are now at $38.04, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 1.61% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Cardtronics on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.84. Since that recommendation, shares of Cardtronics have risen 15.3%. We continue to monitor CATM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses cardtronics