Bullish Moving Average Cross by Macquarie Infrastructure (MIC)
Macquarie Infrastructure (NYSE:MIC) crossed over its 10-day moving average of $76.92 on a volume of 205K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Macquarie Infrastructure share prices have moved between a 52-week high of $87.88 and a 52-week low of $51.83 and are now trading 52% above that low price at $78.72 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.0%.
SmarTrend is tracking the current trend status for Macquarie Infrastructure and will alert subscribers who have MIC in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses macquarie infrastructure