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Bullish Moving Average Cross by Danaher (DHR)

By Amy Schwartz

Today, shares of Danaher (NYSE:DHR) have advanced above their 10-day MA of $98.76 on a volume of 646K 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.

Danaher share prices have moved between a 52-week high of $100.50 and a 52-week low of $81.25 and are now trading 23% above that low price at $99.87 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.81% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Danaher on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $87.04. Since that recommendation, shares of Danaher have risen 12.7%. We continue to monitor DHR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses danaher

Ticker(s): DHR