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Bullish Moving Average Cross by DeVry (DV)

By David Diaz

Today, shares of DeVry (NYSE:DV) have crossed bullishly above their 10-day moving average of $17.11 on a volume of 1.0 million 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.

Over the past year, DeVry has traded in a range of $15.81 to $34.18 and is now at $18.27, 16% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of DeVry on March 24th, 2016 by issuing a Downtrend alert when the shares were trading at $18.06. Since that call, shares of DeVry have fallen 11.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses DeVry

Ticker(s): DV