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Bullish Moving Average Cross by DuPont Fabros Technology (DFT)

By Nick Russo

DuPont Fabros Technology (NYSE:DFT) shares have crossed bullishly above their 10-day moving average of $55.76 on a volume of 4.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

DuPont Fabros Technology share prices have moved between a 52-week high of $63.46 and a 52-week low of $24.88 and are now trading 152% above that low price at $62.79 per share. The 200-day and 50-day moving averages have moved 0.67% higher and 1.15% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of DuPont Fabros Technology on April 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.15. Since that recommendation, shares of DuPont Fabros Technology have risen 10.4%. We continue to monitor DFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dupont fabros technology

Ticker(s): DFT