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Bullish Moving Average Cross by Modine Mfg Co (MOD)

By Amy Schwartz

Modine Mfg Co (NYSE:MOD) crossed over its 10-day moving average of $15.60 on a volume of 116K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Modine Mfg Co have traded between a low of $14.90 and a high of $25.75 and are now at $15.82, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Modine Mfg Co on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $22.00. Since that call, shares of Modine Mfg Co have fallen 29.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses modine mfg co

Ticker(s): MOD