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Bullish Moving Average Cross by Edwards Lifesciences (EW)

By Amy Schwartz

Edwards Lifesciences (NYSE:EW) shares have crossed bullishly above their 10-day moving average of $97.36 on a volume of 220K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Edwards Lifesciences has traded in a range of $61.38 to $112.00 and is now at $97.80, 59% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Edwards Lifesciences on May 18th, 2016 by issuing a Downtrend alert when the shares were trading at $100.12. Since that call, shares of Edwards Lifesciences have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses edwards lifesciences

Ticker(s): EW