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Bullish Moving Average Cross by GlaxoSmithKline (GSK)

By Amy Schwartz

GlaxoSmithKline (NYSE:GSK) crossed over its 10-day moving average of $41.18 on a volume of 2.3 million 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 GlaxoSmithKline have traded between a low of $37.24 and a high of $46.76 and are now at $41.75, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in GlaxoSmithKline. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of GlaxoSmithKline in search of a potential trend change.

Keywords: moving crosses GlaxoSmithKline

Ticker(s): GSK