• Return to Headlines

Bullish Moving Average Cross by Danaher (DHR)

By Amy Schwartz

Danaher (NYSE:DHR) shares have crossed bullishly above their 10-day moving average of $85.79 on a volume of 283K 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.

Over the past year, Danaher has traded in a range of $75.71 to $102.79 and is now at $86.07, 14% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend is tracking the current trend status for Danaher and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses danaher

Ticker(s): DHR