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Bullish Moving Average Cross by Edwards Lifesciences (EW)

By Nick Russo

Edwards Lifesciences (NYSE:EW) crossed over its 10-day moving average of $116.04 on a volume of 185K 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 Edwards Lifesciences have traded between a low of $61.38 and a high of $121.75 and are now at $116.70, which is 90% above that low price. 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 subscribers consider buying shares of Edwards Lifesciences on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.89. Since that recommendation, shares of Edwards Lifesciences have risen 4.6%. We continue to monitor EW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses edwards lifesciences

Ticker(s): EW