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Bullish Moving Average Cross by Dana (DAN)

By James Quinn

Dana (NYSE:DAN) crossed over its 10-day moving average of $14.81 on a volume of 1.0 million 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, Dana share prices have been bracketed by a low of $9.80 and a high of $22.34 and are now at $15.18, 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Dana on July 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.40. Since that recommendation, shares of Dana have risen 18.2%. We continue to monitor DAN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dana

Ticker(s): DAN