• Return to Headlines

Bullish Moving Average Cross by Jabil Inc (JBL)

By James Quinn

Today, shares of Jabil Inc (NYSE:JBL) have advanced above their 10-day MA of $27.71 on a volume of 591K 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.

Over the past year, Jabil Inc has traded in a range of $21.49 to $31.77 and is now at $27.85, 30% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.95% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Jabil Inc on December 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.62. Since that recommendation, shares of Jabil Inc have risen 11.3%. We continue to monitor JBL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses jabil inc

Ticker(s): JBL