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Bullish Moving Average Cross by Earthlink (ELNK)

By David Diaz

Earthlink (NASDAQ:ELNK) crossed over its 10-day moving average of $5.83 on a volume of 428K 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.

In the past 52 weeks, shares of Earthlink have traded between a low of $4.30 and a high of $9.86 and are now at $6.10, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Earthlink on September 15th, 2016 by issuing a Downtrend alert when the shares were trading at $6.15. Since that call, shares of Earthlink have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses earthlink

Ticker(s): ELNK