Bullish Moving Average Cross by Hi-Tech Pharmacal (HITK)
Today, shares of Hi-Tech Pharmacal (NASDAQ:HITK) have advanced above their 10-day MA of $32.46 on a volume of 103K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Hi-Tech Pharmacal share prices have been bracketed by a low of $18.68 and a high of $44.58 and are now at $34.75, 86% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.
SmarTrend is monitoring the recent change of momentum in Hi-Tech Pharmacal. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hi-Tech Pharmacal in search of a potential trend change.
Keywords: moving crosses hi-tech pharmacal