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Bullish Moving Average Cross by Clean Harbors (CLH)

By Shiri Gupta

Clean Harbors (NYSE:CLH) shares have crossed bullishly above their 10-day moving average of $76.25 on a volume of 122K 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, Clean Harbors share prices have been bracketed by a low of $46.21 and a high of $80.06 and are now at $76.83, 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Clean Harbors on June 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.10. Since that recommendation, shares of Clean Harbors have risen 7.7%. We continue to monitor CLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses clean harbors

Ticker(s): CLH