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Bullish Moving Average Cross by Copa Holdings (CPA)

By James Quinn

Copa Holdings (NYSE:CPA) shares have crossed bullishly above their 10-day moving average of $67.46 on a volume of 438K 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, Copa Holdings share prices have been bracketed by a low of $39.03 and a high of $110.99 and are now at $73.67, 89% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Copa Holdings on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.54. Since that recommendation, shares of Copa Holdings have risen 12.2%. We continue to monitor CPA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses copa holdings

Ticker(s): CPA