• Return to Headlines

Bullish Moving Average Cross by Dana Inc (DAN)

By Nick Russo

Today, shares of Dana Inc (NYSE:DAN) have crossed bullishly above their 10-day moving average of $15.46 on a volume of 163K 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, shares of Dana Inc have traded between a low of $12.65 and a high of $23.61 and are now at $15.81, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dana Inc on May 3rd, 2019 by issuing a Downtrend alert when the shares were trading at $18.28. Since that call, shares of Dana Inc have fallen 16.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses dana inc

Ticker(s): DAN