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Bullish Moving Average Cross by Kirby (KEX)

By David Diaz

Today, shares of Kirby (NYSE:KEX) have crossed bullishly above their 10-day moving average of $63.89 on a volume of 101K 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, Kirby has traded in a range of $44.63 to $84.05 and is now at $65.52, 47% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Kirby on January 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.33. Since that recommendation, shares of Kirby have risen 29.1%. We continue to monitor KEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kirby

Ticker(s): KEX