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Bullish Moving Average Cross by Joy Global (JOY)

By James Quinn

Today, shares of Joy Global (NYSE:JOY) have crossed bullishly above their 10-day moving average of $22.17 on a volume of 1.2 million 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.

Over the past year, Joy Global has traded in a range of $8.35 to $44.75 and is now at $23.01, 176% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 3.7%.

SmarTrend recommended that subscribers consider buying shares of Joy Global on June 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.21. Since that recommendation, shares of Joy Global have risen 14.4%. We continue to monitor JOY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Joy Global

Ticker(s): JOY