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Bullish Moving Average Cross by Electro Sci Inds (ESIO)

By David Diaz

Electro Sci Inds (NASDAQ:ESIO) crossed over its 10-day moving average of $19.46 on a volume of 322K 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.

Electro Sci Inds share prices have moved between a 52-week high of $27.72 and a 52-week low of $4.50 and are now trading 348% above that low price at $20.15 per share. Over the past week, the 200-day moving average (MA) has gone up 1.5% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Electro Sci Inds and will alert subscribers who have ESIO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses electro sci inds

Ticker(s): ESIO