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Bullish Moving Average Cross by Janus Capital (JNS)

By Shiri Gupta

Today, shares of Janus Capital (NYSE:JNS) have advanced above their 10-day MA of $15.41 on a volume of 442K 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, Janus Capital share prices have been bracketed by a low of $11.07 and a high of $18.98 and are now at $15.51, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Janus Capital on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.96. Since that recommendation, shares of Janus Capital have risen 17.4%. We continue to monitor JNS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses janus capital

Ticker(s): JNS