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Bullish Moving Average Cross by InterOil (IOC)

By Amy Schwartz

Today, shares of InterOil (AMEX:IOC) have advanced above their 10-day MA of $42.66 on a volume of 443K 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.

InterOil share prices have moved between a 52-week high of $61.15 and a 52-week low of $21.18 and are now trading 114% above that low price at $45.39 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.8%.

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

Keywords: moving crosses amex:ioc interoil

Ticker(s): IOC