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Bullish Moving Average Cross by Diageo (DEO)

By Shiri Gupta

Diageo (NYSE:DEO) crossed over its 10-day moving average of $106.19 on a volume of 339K 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.

Diageo share prices have moved between a 52-week high of $122.23 and a 52-week low of $99.59 and are now trading 8% above that low price at $107.76 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 0.32% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Diageo. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Diageo in search of a potential trend change.

Keywords: moving crosses diageo

Ticker(s): DEO