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Bullish Moving Average Cross by Joy Global (JOY)

By Amy Schwartz

Joy Global (NYSE:JOY) crossed over its 10-day moving average of $20.81 on a volume of 633K 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, Joy Global share prices have been bracketed by a low of $8.35 and a high of $44.75 and are now at $21.17, 154% above that low price. 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 6.9%. 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