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Bullish Moving Average Cross by Haemonetics Corp (HAE)

By Shiri Gupta

Today, shares of Haemonetics Corp (NYSE:HAE) have crossed bullishly above their 10-day moving average of $111.24 on a volume of 121K 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, Haemonetics Corp share prices have been bracketed by a low of $41.54 and a high of $114.77 and are now at $111.95, 169% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Haemonetics Corp on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.39. Since that recommendation, shares of Haemonetics Corp have risen 17.7%. We continue to monitor HAE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses haemonetics corp

Ticker(s): HAE