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Bullish Moving Average Cross by DexCom (DXCM)

By Nick Russo

DexCom (NASDAQ:DXCM) crossed over its 10-day moving average of $77.94 on a volume of 381K 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, DexCom share prices have been bracketed by a low of $47.92 and a high of $103.29 and are now at $81.72, 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of DexCom on January 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.86. Since that recommendation, shares of DexCom have risen 12.1%. We continue to monitor DXCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dexcom

Ticker(s): DXCM