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Bullish Moving Average Cross by Dynegy (DYN)

By Shiri Gupta

Dynegy (NYSE:DYN) shares have crossed bullishly above their 10-day moving average of $17.08 on a volume of 790K 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, shares of Dynegy have traded between a low of $7.20 and a high of $34.65 and are now at $17.69, which is 146% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 4.2%.

SmarTrend recommended that subscribers consider buying shares of Dynegy on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.94. Since that recommendation, shares of Dynegy have risen 67.0%. We continue to monitor DYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dynegy

Ticker(s): DYN