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Bullish Moving Average Cross by Colfax Corp (CFX)

By Shiri Gupta

Today, shares of Colfax Corp (NYSE:CFX) have crossed bullishly above their 10-day moving average of $31.13 on a volume of 129K 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, Colfax Corp share prices have been bracketed by a low of $28.80 and a high of $43.29 and are now at $31.24, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Colfax Corp on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $34.68. Since that call, shares of Colfax Corp have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses colfax corp

Ticker(s): CFX