Bullish Moving Average Cross by CurrencyShares Euro Trust (FXE)
CurrencyShares Euro Trust (NYSE:FXE) shares have crossed bullishly above their 10-day moving average of $128.28 on a volume of 268K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
CurrencyShares Euro Trust share prices have moved between a 52-week high of $136.03 and a 52-week low of $119.73 and are now trading 8% above that low price at $129.05 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for CurrencyShares Euro Trust and will alert subscribers who have FXE in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses currencyshares euro trust