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Bullish Moving Average Cross by Edwards Life (EW)

By Nick Russo

Today, shares of Edwards Life (NYSE:EW) have crossed bullishly above their 10-day moving average of $190.32 on a volume of 229K 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.

Over the past year, Edwards Life has traded in a range of $134.53 to $197.86 and is now at $192.31, 43% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Edwards Life on June 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.72. Since that recommendation, shares of Edwards Life have risen 6.2%. We continue to monitor EW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses edwards life

Ticker(s): EW